Published on 7/27/2010 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.55 million buffered bullish notes linked to S&P 500
By Susanna Moon
Chicago, July 27 - Royal Bank of Canada priced $1.55 million of 0% buffered bullish notes due July 28, 2015 based on the performance of the S&P 500 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, up to the maximum redemption amount of 173% of par.
Investors will receive par if the index falls by 20% or less and will be exposed to any decline beyond 20%.
RBC Capital Markets Corp. is the underwriter.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered bullish notes
|
Underlying index: | S&P 500
|
Amount: | $1,552,000
|
Maturity: | July 28, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 73%; exposure to losses beyond 20%
|
Initial level: | 1,102.66
|
Buffer level: | 882.13, 80% of the initial level
|
Pricing date: | July 23
|
Settlement date: | July 28
|
Underwriter: | RBC Capital Markets Corp.
|
Fees: | 3%
|
Cusip: | 78008KDZ3
|
© 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.