RBC to price return enhanced notes on Industrial Select Sector SDPR

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Royal Bank of Canada plans to price 0% return enhanced notes due Jan. 30, 2019 linked to the Industrial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 1.38 times the ETF gain, subject to a maximum return of 20.7%.

Investors will be fully exposed to any ETF decline.

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

The notes will price on Jan. 12.

The Cusip number is 78013XDW5.

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