By Susanna Moon
Chicago, Feb. 8 - Royal Bank of Canada priced $7.42 million of 0% buffered equity index-linked notes due March 27, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of the initial level, the payout at maturity will be equal to the digital payment of $1,102.50 for each $1,000 principal amount.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
The initial index level of 829.02 is higher than the actual closing level of the index at pricing, which was 828.37.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Buffered equity index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $7,421,000
|
| Maturity: | March 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 90% of initial level, par plus 10.25%; 1.1111% loss per 1% drop beyond 10%
|
| Initial index level: | 829.02
|
| Buffer level: | 746.118, 90% of initial level
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 78010V113
|
© 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.
