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RBC redeems $12.29 million trigger phoenix notes on SPDR S&P 500 ETF
By Marisa Wong
Madison, Wis., Nov. 28 - Royal Bank of Canada gave notice that it redeemed on Nov. 28 all $12,287,350 of its outstanding trigger phoenix autocallable optimization securities due Nov. 30, 2016 linked to the SPDR S&P 500 ETF trust.
The securities (Cusip: 78010W137) were redeemed at par plus a quarterly contingent coupon of 8.05% per year.
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