| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for iShares Russell 2000 ETF > News item |
RBC to price buffered enhanced return notes on ETF basket
By Sarah Lizee
Olympia, Wash., Nov. 25 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Dec. 2, 2025 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 40% weight, the iShares Russell 2000 ETF with a 25% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.
If the basket return is positive, the payout at maturity will be par plus 120% of the basket gain, subject to a maximum payment of par plus 58.2%. Investors will receive par if the basket falls by up to 20% and lose 1% for every 1% decline beyond 20%.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Nov. 26.
The Cusip number is 78015KBR4.
© 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.