New Issue: RBC prices $10 million jump securities linked to iShares MSCI EM

By Toni Weeks

San Diego, July 21 - Royal Bank of Canada priced $10 million of 0% jump securities due July 23, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price is greater than the initial price, the payout at maturity will be par plus an upside payment of 14%. Investors will be exposed to any decline in the fund.

RBC Capital Markets, LLC is the agent, and Morgan Stanley Smith Barney LLC is the distributor.

Issuer:	Royal Bank of Canada
Issue:	Jump securities
Underlying fund:	iShares MSCI Emerging Markets index fund
Amount:	$10 million
Maturity:	July 23, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than initial price, par plus 14% upside payment; exposure to losses
Initial price:	$41.06
Pricing date:	Jan. 18
Settlement date:	Jan. 30
Agent:	RBC Capital Markets, LLC with Morgan Stanley Smith Barney LLC as distributor
Fees:	1.5%
Cusip:	78010V667

© 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.