By Susanna Moon
Chicago, July 29 - Royal Bank of Canada priced $1.27 million of 0% enhanced growth securities due Feb. 3, 2014 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of $1,280 per $1,000 principal amount.
Investors will receive par if the shares fall by up to 10% and will be exposed to any decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Enhanced growth securities
|
| Underlying fund: | iShares Russell 2000 index fund
|
| Amount: | $1.27 million
|
| Maturity: | Feb. 3, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 28%; par if shares fall by 10% or less; exposure to losses beyond 10%
|
| Initial level: | $79.96
|
| Threshold level: | $71.96, 90% of initial level
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
| Cusip: | 78008TLF9
|
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