Question

The supplemental prospectus of an actual offering by Royal Bank of Canada states the following:
“Reference Asset: 
SGI Smart Market Neutral Commodity Index (USD – Excess Return) (BloombergTicker: SGICVMX). For a description of the Reference Asset, please see thesection below, “The Reference Asset.” 
Specified Currency: 
U.S. Dollars 
Minimum Investment: 
$1,000 
Denomination: 
$1,000 
Pricing Date: 
January 26, 2010 
Issue Date: 
January 29, 2010 
CUSIP: 
78008HTY6 
Interest Payable: 
None 
Payment at Maturity
(if held to maturity): 
The Payment at Maturity will be calculated as follows: 
1. If the Reference Asset Performance is greater than 0%, then youwill receive an amount equal to:
Principal Amount + [(Principal Amount × Reference Asset Performance)] ×Participation Rate
2. If the Reference Asset Performance is less than or equal to 0%, thenyou will receive an amount equal the principal amount of your notes. 
Reference AssetPerformance: 
The Reference Asset Performance, expressed as a percentage and roundedto fourdecimal places, will be calculated using the following formula: 
Final Level – Initial Level
Initial Level 
Participation Rate: 
100% 
Initial Level: 
109.0694 
Term: 
Approximately five (5) years 
(a) What type of structured note is this?
(b) What are the risks associated with investing in this structured note?


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  • CreatedAugust 22, 2015
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