New Issue: RBC prices $1.02 million buffered enhanced return notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – Royal Bank of Canada priced $1.02 million of 0% buffered enhanced return notes due Jan. 7, 2025 linked to an equally weighted basket of the stocks of Boeing Co., L3Harris Technologies, Inc. and RTX Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 18.6%. Investors will lose 1% for every 1% that the basket declines.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	Boeing Co., L3Harris Technologies, Inc. and RTX Corp., equal weights
Amount:	$1,015,000
Maturity:	Jan. 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of basket return, subject to 18.6% maximum return; 1% loss for every 1% that basket declines
Initial level:	$262.02 for Boeing, $207.54 for L3Harris, $82.01 for RTX
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78017F5N9

© 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.