RBC to price 0% enhanced return leveraged notes linked to S&P 500

By Jennifer Chiou

New York, Aug. 8 - Royal Bank of Canada plans to price zero-coupon enhanced return leveraged notes due Aug. 31, 2009 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will price on Aug. 28 and settle on Aug. 31.

The payout at maturity will be par plus triple any index gain, capped at a maximum return of between 20% and 24%. Investors will share in losses on the index.

RBC Capital Markets Corp. will be the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.