New Issue: RBC sells $2.4 million airbag return optimization notes tied to indexes

By Susanna Moon

Chicago, Feb. 23 – Royal Bank of Canada priced $2.4 million of 0% airbag return optimization securities due March 24, 2017 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 50% weight, the Topix index with a 20% weight, the FTSE 100 index with a 20% weight and the Swiss Market index with a 10% weight.

The payout at maturity will be par plus double any gain in the basket, up to a maximum return of 17.7%.

Investors will receive par if the basket falls by up to 7.5% and will lose 1.08108% for every 1% decline beyond 7.5%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Airbag return optimization securities
Underlying basket:	Euro Stoxx 50 index (50% weight), the Topix index (20% weight), the FTSE 100 index (20% weight) and the Swiss Market index (10% weight)
Amount:	$2.4 million
Maturity:	March 24, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus double any basket gain, capped at 17.7%; par if basket falls by up to 7.5%; 1.08108% loss for every 1% decline beyond 7.5%
Initial levels:	2,895.15 for Euro Stoxx, 1,311.20 for Topix, 5,971.95 for FTSE and 7,916.61 for Swiss Market
Pricing date:	Feb. 18
Settlement date:	Feb. 23
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	0.5%
Cusip:	78013C716

© 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.