| 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 pushes back pricing of planned buffered bullish enhanced return notes linked to S&P 500
By Jennifer Chiou
New York, Feb. 13 – Royal Bank of Canada moved back the planned pricing date of its offering of 0% buffered bullish enhanced return notes due March 15, 2019 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The notes (Cusip: 78012KBP1) will now price on March 12 and settle on March 17.
The previously announced maturity date was March 8, 2019.
As before, the payout at maturity will be par plus 114% to 124% of any index gain.
Investors will receive par if the index fall by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
© 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.