| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
RBC plans two-year bullish barrier booster notes linked to S&P 500
By Susanna Moon
Chicago, March 4 - Royal Bank of Canada plans to price 0% bullish barrier booster notes due March 28, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index rises by more than 4%, the payout at maturity will be 1.25 times any gain, up to a maximum return of 14.75% to 18.75%. The exact cap will be set at pricing.
If the index falls by up to 20% or rises by less than 4%, the payout will be par plus a booster of 5%.
Investors will be exposed to any decline if the index falls beyond 20%.
RBC Capital Markets, LLC is the underwriter.
The notes will price on March 28 and settle on March 31.
The Cusip is 78008KS38.
© 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.