RBC plans to price bullish enhanced return notes linked to ETF basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – Royal Bank of Canada plans to price bullish enhanced return notes due Jan. 20, 2017 linked to an equally weighted basket of four exchange-traded funds, according to an FWP filed with the Securities and Exchange Commission.

The basket consists of the Healthcare Sector SPDR fund, the Technology Select Sector SPDR fund, the Consumer Discretionary Select Sector SPDR fund and the Consumer Staples Select Sector SPDR fund.

The payout at maturity will be par plus 125% of any basket gain up to a maximum return of 14% to 16%, which will be set at pricing.

Investors will be fully exposed to any basket decline.

RBC Capital Markets, LLC is the agent.

The notes will price on Jan. 14 and settle on Jan. 20.

The Cusip number is 78012KKS5.

© 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.