| 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 18- to 21-month leveraged buffered notes tied to S&P 500
By Devika Patel
Knoxville, Tenn., Jan. 11 – Royal Bank of Canada intends to offer 0% 18- to 21-month leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum settlement amount that is expected to fall between $1,169.80 and $1,199.80 per $1,000 of notes; the exact cap and maturity date will be set at pricing.
Investors will lose 1% for each 1% index decline.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78012KYQ4.
© 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.