Published on 7/21/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $8.89 million PLUS linked to three indexes, three ETFs
By Marisa Wong
Morgantown, W.Va., July 21 – Royal Bank of Canada priced $8.89 million of 0% Performance Leveraged Upside Securities due Dec. 28, 2017 linked to a basket of three indexes and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight, the Topix index with a 15% weight, the SPDR S&P Regional Banking ETF with a 15% weight, the SPDR S&P Oil & Gas Exploration & Production ETF with a 15% weight and the Market Vectors Gold Miners ETF with a 15% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum payment of $10.675 per PLUS.
Investors will be fully exposed to losses.
RBC Capital Markets, LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Royal Bank of Canada
|
| Issue: | Performance Leveraged Upside Securities
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| Underlying basket: | Russell 2000 index with a 20% weight, Euro Stoxx 50 index with a 20% weight, Topix index with a 15% weight, SPDR S&P Regional Banking ETF with a 15% weight, SPDR S&P Oil & Gas Exploration & Production ETF with a 15% weight and Market Vectors Gold Miners ETF with a 15% weight
|
| Amount: | $8,890,950
|
| Maturity: | Dec. 28, 2017
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If basket return is positive, par of $10 plus double the index return, subject to a maximum payment of $10.675 per PLUS; full exposure to losses
|
| Initial levels: | 1,415.359 for Russell, 3,441.88 for Euro Stoxx, 1,611.90 for Topix, $54.95 for Regional Banking, $31.92 for Oil & Gas, $22.08 for Gold Miners
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| Pricing date: | June 30
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| Settlement date: | July 6
|
| Agent: | RBC Capital Markets, LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
|
| Cusip: | 78014E869
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