New Issue: RBC sells $1.94 million buffered bullish notes on iShares MSCI Emerging Markets

By Susanna Moon

Chicago, March 5 - Royal Bank of Canada priced $1.94 million of 0% buffered bullish enhanced return notes due Sept. 9, 2011 based on the performance of the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 20%.

Investors will receive par if the fund falls by 15% or less and will be exposed to any decline beyond 15%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI Emerging Markets index fund
Amount:	$1,939,000
Maturity:	Sept. 9, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any 200% of any fund gain, capped at 20%; exposure to losses beyond 15%
Initial level:	$40.10
Buffer level:	$34.09, or 85% of the initial level
Pricing date:	March 3
Settlement date:	March 8
Underwriter:	RBC Capital Markets Corp.
Fees:	None
Cusip:	78008HYN4

© 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.