New Issue: RBC prices $1.5 million buffered bullish enhanced return notes tied to the Dow

By Marisa Wong

San Diego, Dec. 27 - Royal Bank of Canada priced $1.5 million of 0% buffered bullish enhanced return notes due Dec. 27, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 120.5% of any increase in the index.

Investors will receive par if the index declines by 40% or less and will lose 1.6667% for every 1% decline beyond the 40% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	Dow Jones industrial average
Amount:	$1,498,000
Maturity:	Dec. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120.5% times any index gain; par if index falls by up to 40%; 1.6667% loss for every 1% drop beyond 40%
Initial level:	13,190.84
Buffer level:	7,914.50, 60% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008SRZ1

© 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.