New Issue: RBC prices $3 million bullish enhanced return notes linked to stocks

By Jennifer Chiou

New York, Nov. 7 - Royal Bank of Canada priced $3 million of 0% bullish enhanced return notes due Nov. 10, 2014 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Apple Inc., American International Group, Inc., Bank of America Corp., Citigroup Inc., Walt Disney Co., Google Inc., Goldman Sachs Group, Inc., Starwood Hotels & Resorts Worldwide, Inc., International Business Machines Corp. and Onyx Pharmaceuticals, Inc.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 31.5%. If the basket return is negative, investors will be fully exposed to the decline.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying stocks:	Apple Inc., American International Group, Inc., Bank of America Corp., Citigroup Inc., Walt Disney Co., Google Inc., Goldman Sachs Group, Inc., Starwood Hotels & Resorts Worldwide, Inc., International Business Machines Corp. and Onyx Pharmaceuticals, Inc., equally weighted
Amount:	$3 million
Maturity:	Nov. 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of basket return, subject to maximum return of 31.5%; if basket return is negative, full exposure to decline
Trade date:	Nov. 2
Settlement date:	Nov. 9
Underwriter:	RBC Capital Markets LLC
Fees:	2%
Cusip:	78008SPR1

© 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.