By Susanna Moon
Chicago, April 28 – Royal Bank of Canada priced $1.36 million of 0% Performance Leveraged Upside Securities due Oct. 27, 2016 linked to a basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus double any gain in the basket, up to a maximum return of 20%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Royal Bank of Canada
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| Issue: | Performance Leveraged Upside Securities
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| Underlying basket: | Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM)
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| Amount: | $1,361,500
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| Maturity: | Oct. 27, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any basket gain, capped at 20%; exposure to any losses
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Underwriter: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 1.75%
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| Cusip: | 78013D144
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