New Issue: RBC prices $505,000 buffered bullish notes linked to S&P GSCI Industrial Metals

By Jennifer Chiou

New York, Aug. 28 - Royal Bank of Canada priced $505,000 of 0% buffered bullish commodity-linked notes due Feb. 28, 2013 linked to the S&P GSCI Industrial Metals - Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, capped at a payout of 210% of par.

Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish commodity-linked notes
Underlying index:	S&P GSCI Industrial Metals - Excess Return
Amount:	$505,000
Maturity:	Feb. 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 210% of par; par if index falls by 15% or less; exposure to any drop beyond 15%
Initial index level:	216.3582
Buffer level:	183.9045, or 85% of initial level
	Pricing date:	Aug. 27
Settlement date:	Aug. 31
Underwriter:	RBC Capital Markets Corp.
Fees:	2.875%

© 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.