By Jennifer Chiou
New York, March 15 - Royal Bank of Canada priced $1.94 million of 0% buffered bullish enhanced return notes due Sept. 18, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of $1,190 per $1,000 principal amount of the notes.
Investors will receive par if the fund falls by up to 15% and will be exposed to any decline beyond 15%.
RBC Capital Markets is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Buffered bullish enhanced return notes
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $1.94 million
|
| Maturity: | Sept. 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 19%; par if fund drops by up to 15%; exposure to losses beyond 15%
|
| Initial price: | $55.08
|
| Buffer level: | $46.82, 85% of initial price
|
| Pricing date: | March 13
|
| Settlement date: | March 16
|
| Agent: | RBC Capital Markets
|
| Fees: | None
|
| Cusip: | 78008TV50
|
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