Published on 6/21/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $6.74 million six-month PLUS with cap linked to one fund, three indexes
By Toni Weeks
San Luis Obispo, Calif., June 21 - Royal Bank of Canada priced $6.74 million of 0% Performance Leveraged Upside Securities due Dec. 24, 2013 linked to a basket of indexes and a fund, according to a 424B filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 30% weight, the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 25% weight and the SPDR Gold Trust with a 20% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 7%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying: | Russell 2000 index (30% weight), S&P 500 index (25% weight), Euro Stoxx 50 index (25% weight) and SPDR Gold Trust (20% weight)
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Amount: | $6,737,720
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Maturity date: | Dec. 24, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any gain in the basket, up to a maximum return of 7%; full exposure to losses
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Initial levels: | 986.5 for Russell, 1,628.93 for S&P 500, 2,683.98 for Euro Stoxx and $130.59 for gold trust
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC as dealer
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Fees: | 1.5%
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Cusip: | 78008Y749
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