New Issue: RBC prices $129,000 basket-linked notes tied to five indexes

By Marisa Wong

Madison, Wis., May 11 – Royal Bank of Canada priced $129,000 of 0% notes due July 7, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus any basket gain.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Basket-linked notes
Underlying basket:	Euro Stoxx 50 (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$129,000
Maturity:	July 7, 2017
Coupon:	0%
Price:	96.11
Payout at maturity:	Par plus any basket gain; full exposure to losses
Initial index levels:	3,556.21 for Euro Stoxx, 6,886.95 for FTSE, 1,574.64 for Topix, 8,873.55 for Swiss Market and 5,645.690 for S&P/ASX
Pricing date:	May 7
Settlement date:	May 14
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KEC7

© 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.