New Issue: RBC prices $5.61 million return optimization notes on S&P 500 via UBS

By E. Janene Geiss

Philadelphia, Sept. 29 - Royal Bank of Canada Corp. priced $5.61 million of 0% return optimization securities with partial protection due March 31, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and RBC Capital Markets Corp. are the agents.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum gain of 18%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Issuer:	UBS AG
Issue:	Return optimization securities with partial protection
Underlying index:	S&P 500 index
Amount:	$5,606,790
Maturity:	March 31, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double of any index gain, capped at 18%; par if index falls by up to 10% and 1% loss for each 1% drop beyond 10%
Initial index level:	1,044.38
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriters:	UBS Financial Services Inc. and RBC Capital Markets Corp.
Fees:	1.75%

© 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.