Published on 7/30/2012 in the Prospect News Structured Products Daily.
New Issue: RBC prices $16.89 million Accelerated Return Notes on Energy Select
By Susanna Moon
Chicago, July 30 - Royal Bank of Canada priced $16.89 million of 0% Accelerated Return Notes due Sept. 27, 2013 linked to the Energy Select Sector index, according to a 424B2 with the Securities and Exchange Commission.
Bank of America Merrill Lynch will be the agent.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.76%.
Investors will be exposed to any losses.
| Issuer: | Royal Bank of Canada
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Energy Select Sector
|
| Amount: | $16,885,750
|
| Maturity: | Sept. 27, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 20.76%; exposure to any losses
|
| Initial level: | 692.81
|
| Pricing date: | July 26
|
| Settlement date: | Aug. 2
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 78010T639
|
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