RBC Note with potential to pay 20% p.a.

Posted on Thursday, September 29, 2011 in Structured Notes.

Autocallable note based on 3 UK banks paying 5% each quarter.

Underlying banks
Barclays
RBS
Lloyds Bank.

The Note is an Auto-Call structure linked to three banks, where in flat to rising equity markets, investors may receive a conditional quarterly snowballing coupon of 5.00%.
Underlying Indices are observed quarterly and the snowballing coupon is paid just after the first Auto-Call Observation Date on which all Underlying Banks are at or above their initial levels.

Even if the Underlying Banks do not perform, the Notes continue to benefit from principal protection at maturity provided that all the Underlying Indices close at or above 50% (European Observation) from their initial levels, on the final valuation date. If this is not the case, principal is at risk.

Start Date
17th October 2011
Investment Term
3 Years
Minimum Investment
30,000 pounds sterling

Issuer
Royal Bank of Canada


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