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RBC to price bullish enhanced return notes linked to energy fund
By Angela McDaniels
Tacoma, Wash., Aug. 20 – Royal Bank of Canada plans to price 0% bullish enhanced return notes linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 24 to 27 months and will be set at pricing.
If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, subject to a maximum return that is expected to be at least 36% and will be set at pricing. If the fund return is negative, investors will be fully exposed to the decline.
RBC Capital Markets, LLC is the underwriter.
The notes are expected to price Aug. 26 and settle Aug. 31.
The Cusip number is 78012KGD3.
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