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RBC to price barrier notes due 2015 linked to Halliburton stock
By Jennifer Chiou
New York, Dec. 17 - Royal Bank of Canada plans to price 0% barrier notes due Jan. 6, 2015 linked to Halliburton Co. shares, according to an FWP with the Securities and Exchange Commission.
If the stock finishes greater than the initial level, the payout will be par plus the return, capped at 24%.
Investors will receive par for losses up to 20% and will be fully exposed to losses if the stock declines beyond the buffer amount.
The notes (Cusip: 78010ULN5) will price on Dec. 20 and settle on Dec. 26.
RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC is the agent.
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