By Jennifer Chiou
New York, Nov. 20 - Royal Bank of Canada priced $1 million of 0% contingent barrier enhanced notes due Dec. 5, 2014 linked to lululemon athletica inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level is at or equal to the barrier level, 70% of the initial level, the payout at maturity will be par plus 11.1%.
Otherwise, investors will share fully in losses.
RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Contingent barrier enhanced notes
|
| Underlying stock: | lululemon athletica inc. (Symbol: LULU)
|
| Amount: | $1 million
|
| Maturity: | Dec. 5, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 11.1% if final level is at or equal to the barrier level; otherwise, full exposure to losses
|
| Initial price: | $66.86
|
| Barrier level: | 70% of initial price
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 21
|
| Agent: | RBC Capital Markets, LLC with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 1%
|
| Cusip: | 78010UJG3
|
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