By Susanna Moon
Chicago, Jan. 22 - Royal Bank of Canada priced $3.21 million of 0% bullish buffered enhanced return notes due Jan. 23, 2015 linked to a basket of equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying funds are the SPDR S&P 500 Trust, the iShares Russell 2000 index fund and the iShares MSCI Emerging Market fund.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 20.5%.
Investors will receive par if the basket falls by 10% or less and will be exposed to losses beyond 10%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish buffered enhanced return notes
|
| Underlying basket: | SPDR S&P 500 Trust, the iShares Russell 2000 index fund and the iShares MSCI Emerging Market fund, equally weighted
|
| Amount: | $3,206,000
|
| Maturity: | Jan. 23, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 20.5%; par if basket falls by up to 10%; exposures to losses beyond 10%
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 23
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 0.1%
|
| Cusip: | 78008SXC5
|
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