RBC plans direct investment notes linked to RBC top picks 19 stocks

By Susanna Moon

Chicago, Nov. 2 – Royal Bank of Canada plans to price 0% direct investment notes due Dec. 7, 2016 linked to the November 2015 RBC Capital Markets U.S. equity top picks list, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Air Lease Corp., Amphenol Corp., Aramark, Boston Properties, Inc., Brookdale Senior Living Inc., CBS Corp., Discover Financial Services, Endo International plc, LyondellBasell Industries NV, Marathon Petroleum Corp., PNC Financial Services Group. Inc., Raytheon Co., Reynolds American Inc., Ryder System, Inc., ServiceNow, Inc., Voya Financial, Inc., WebMD Health Corp., Whirlpool Corp. and Yum! Brands, Inc.

Interest will be 97.75% of the sum of the dividend amounts for the reference stocks. Interest is payable quarterly.

The payout at maturity for each $1,000 principal amount will be $977.50 plus any basket gain.

RBC Capital Markets, LLC is the underwriter.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 78012KHV2.

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