| 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 bullish barrier enhanced return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 8 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due May 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 135% of the index gain, subject to a maximum return of 45% to 52% that will be set at pricing. If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to losses from the initial index level.
RBC Capital Markets, LLC is the underwriter.
The notes are expected to price May 28 and settle May 30.
The Cusip number is 78010UYS0.
© 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.