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Prospect News home > News index > List of issuers I > Headlines for iShares U.S. Real Estate exchange-traded fund > News item |
RBC to price buffered enhanced return notes linked to real estate ETF
By Angela McDaniels
Tacoma, Wash., March 13 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due April 2, 2019 linked to the iShares U.S. Real Estate exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of 15%. Investors will receive par if the ETF declines by the buffer amount or less and will lose 1% for every 1% that the ETF may decline beyond the buffer amount. The buffer amount is expected to be 26.5% to 29.5% and will be set at pricing.
RBC Capital Markets, LLC is the underwriter.
The notes will price March 28.
The Cusip number is 78012KE52.
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