Published on 12/30/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $6.5 million return optimization notes due 2015 linked to 17 stocks
By Toni Weeks
San Luis Obispo, Calif., Dec. 30 - Royal Bank of Canada priced $6.5 million of 0% return optimization securities due Jan. 30, 2015 linked to a basket of 17 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Agilent Technologies, Inc., Autodesk, Inc., Applied Materials, Inc., Boeing Co., Check Point Software Technologies Ltd., Cisco Systems, Inc., E. I. du Pont de Nemours and Co., Danaher Corp., Emerson Electric Co., Intel Corp., Ingersoll-Rand plc, JPMorgan Chase & Co., Oracle Corp., PNC Financial Services Group, Inc., SBA Communications Corp., Tyco International Ltd. and United Technologies Corp.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 14.54%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Return optimization securities
|
| Underlying stocks: | Agilent Technologies, Inc., Autodesk, Inc., Applied Materials, Inc., Boeing Co., Check Point Software Technologies Ltd., Cisco Systems, Inc., E. I. du Pont de Nemours and Co., Danaher Corp., Emerson Electric Co., Intel Corp., Ingersoll-Rand plc, JPMorgan Chase & Co., Oracle Corp., PNC Financial Services Group, Inc., SBA Communications Corp., Tyco International Ltd. and United Technologies Corp.
|
| Amount: | $6,504,210
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, with return capped at 14.54%; full exposure to any losses
|
| Initial basket level: | 100
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78010Y240
|
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