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RBC plans one-year capped return enhanced notes tied to General Motors
By Susanna Moon
Chicago, June 24 – Royal Bank of Canada plans to price 0% return enhanced notes due July 15, 2015 linked to General Motors Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in General Motors shares, up to a maximum return of 32.6%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC as placement agent.
The notes will price on June 27 and settle on July 2.
The Cusip number is 78010UG84.
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