New Issue: RBC prices $1 million capped return enhanced notes on stock basket

By Sarah Lizee

Olympia, Wash., May 15 – Royal Bank of Canada priced $1 million of 0% capped return enhanced notes due May 18, 2022 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks included in the basket are Walt Disney Co., Wynn Resorts, Ltd., Chevron Corp., NXP Semiconductors NV and Honeywell International Inc.

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket gain, subject to a maximum return of 49.5%.

Otherwise, investors will be exposed to losses.

RBC Capital Markets, LLC is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Capped return enhanced notes
Basket components:	Walt Disney Co., Wynn Resorts, Ltd., Chevron Corp., NXP Semiconductors NV and Honeywell International Inc.; equally weighted
Amount:	$1 million
Maturity:	May 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times gain, return capped at 49.5%; exposure to losses
Initial levels:	$102.92 for Disney, $76.77 for Wynn, $88.70 for Chevron, $93.03 for NXP and $122.97 for Honeywell
Pricing date:	May 14
Settlement date:	May 19
Agent:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	78015KUN2

© 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.