| 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 to price capped leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 6 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 1, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return that is expected to be 55% to 60% and will be set at pricing. Investors will receive par if the index decreases by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
Wells Fargo Securities LLC is the agent.
The notes will price Nov. 24.
The Cusip number is 78012KJE8.
© 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.