By Susanna Moon
Chicago, Nov. 23 - Royal Bank of Canada priced $1.75 million of 0% buffered bullish enhanced return notes due May 24, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 22.75%.
Investors will receive par if the shares fall by up to 15% and will be exposed to losses beyond 15%.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Buffered bullish enhanced return notes
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $1.75 million
|
| Maturity: | May 24, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 22.75%; par if shares fall by up to 15%; exposure to losses beyond 15%
|
| Initial level: | $48.15
|
| Buffer level: | $40.93, 85% of initial level
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 25
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 0.25%
|
| Cusip: | 78008TZB3
|
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