By Susanna Moon
Chicago, June 17 – Royal Bank of Canada priced $3.6 million of 0% contingent absolute return autocallable optimization securities due June 20, 2016 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 10.1% if Ford stock closes at or above the initial share price on any quarterly observation date.
If the stock finishes at or above the 85% trigger level, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Ford Motor Co. (Symbol: F)
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| Amount: | $3,604,000
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| Maturity: | June 20, 2016
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If stock finishes at or above trigger level, par plus absolute value of stock return; otherwise, full exposure to any losses
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| Call: | At par plus 10.1% per year if Ford stock closes at or above initial share price on any quarterly observation date
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| Initial level: | $15.23
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| Trigger level: | $12.95, 85% of initial share price
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| Pricing date: | June 12
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| Settlement date: | June 17
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| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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| Fees: | 1.5%
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| Cusip: | 78013D300
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