Published on 6/28/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $552,000 bullish barrier enhanced return notes on Euro Stoxx
By Marisa Wong
Madison, Wis., June 28 - Royal Bank of Canada priced $552,000 of 0% bullish barrier enhanced return notes due June 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index gain, subject to a maximum return of 31.875%.
If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to losses from the initial index level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Bullish barrier enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $552,000
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Maturity: | June 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 125% of gain, capped at 31.875%; if index falls by up to 25%, par; otherwise, full exposure to losses from initial index level
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Initial level: | 2,602.81
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Barrier level: | 1,952.11, 75% of initial level
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Pricing date: | June 26
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Settlement date: | June 28
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Agent: | RBC Capital Markets, LLC
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Fees: | 1.75%
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Cusip: | 78008S3H7
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