By Susanna Moon
Chicago, Oct. 7 - Royal Bank of Canada priced $3 million of 0% bullish enhanced return notes due Oct. 10, 2013 linked to a basket of two equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Las Vegas Sands Corp. and Wynn Resorts, Ltd.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 78.3%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any basket decline beyond 15%.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish enhanced return notes
|
| Underlying stocks: | Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Ltd. (Nasdaq: WYNN), equally weighted
|
| Amount: | $3 million
|
| Maturity: | Oct. 10, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 78.3%; par if basket falls by up to 15%; 1% loss for every 1% basket decline beyond 15%
|
| Initial share prices: | $38.93 for Las Vegas Sands and $116.67 for Wynn
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 11
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78008TVZ4
|
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