Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC plans 13-month buffered bullish enhanced notes tied to S&P 500
By Susanna Moon
Chicago, March 7 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due April 30, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 8% to 12%.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
RBC Capital Markets, LLC is the agent.
The notes will price on March 27 and settle on March 30.
The Cusip is 78008TZ98.
© 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.