Published on 1/7/2016 in the Prospect News Structured Products Daily.
New Issue: RBC prices $9.6 million PLUS with cap linked to two indexes, four funds
By Marisa Wong
Morgantown, W.Va., Jan. 7 – Royal Bank of Canada priced $9.6 million of 0% Performance Leveraged Upside Securities due June 27, 2016 linked to a basket of two indexes and four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 30% weight, the Euro Stoxx 50 index with a 30% weight, the WisdomTree Japan Hedged Equity fund with a 10% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the Market Vectors Gold Miners ETF with a 10% weight and the SPDR S&P Oil & Gas Exploration & Production ETF with a 10% weight.
The payout at maturity will be par plus 200% of any basket gain, up to a maximum return of 9.25%.
Investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is the distributor.
| Issuer: | Royal Bank of Canada
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index with a 30% weight, the Euro Stoxx 50 index with a 30% weight, the WisdomTree Japan Hedged Equity fund with a 10% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the Market Vectors Gold Miners ETF with a 10% weight and the SPDR S&P Oil & Gas Exploration & Production ETF with a 10% weight
|
| Amount: | $9,596,810
|
| Maturity: | June 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, up to a maximum return of 9.25%
|
| Initial levels: | 2,063.36 for S&P, 3,287.98 for Euro Stoxx, $50.62 for Japan fund, $32.29 for EM ETF, $13.64 for gold ETF, $29.52 for oil ETF
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | RBC Capital Markets, LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 78013C443
|
© 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.
