Published on 8/27/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $900,000 bullish enhanced notes on Energy Select Sector SPDR
By Susanna Moon
Chicago, Aug. 27 – Royal Bank of Canada priced $900,000 of 0% bullish enhanced return notes due Aug. 31, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, capped at 40%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Bullish enhanced return notes
|
Underlying fund: | Energy Select Sector SPDR fund
|
Amount: | $900,000
|
Maturity: | Aug. 31, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 40%; exposure to any losses
|
Initial level: | $61.26
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 2%
|
Cusip: | 78012KGD3
|
|
|
© 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.