New Issue: RBC prices $3.23 million leveraged buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 3 – Royal Bank of Canada priced $3.23 million of 0% leveraged buffered notes due May 9, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,141 per $1,000 of notes.

Investors will receive par if the index falls by 5% or less and will lose 1.0526% for every 1% decline in the index beyond 5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$3.23 million
Maturity:	May 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of the gain, subject to $1,141 maximum payment per $1,000 note; par if index falls by up to 5%; 1.0526% loss for every 1% decline in index beyond 5%
Initial index level:	2,279.55
Pricing date:	Feb. 1
Settlement date:	Feb. 8
Agent:	RBC Capital Markets, LLC
Fees:	1.09%
Cusip:	78012KYX9

© 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.