By Angela McDaniels
Tacoma, Wash., June 27 – Royal Bank of Canada priced $1.31 million of 0% trigger performance securities due June 30, 2017 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 122% of the ETF return.
If the ETF return is zero or negative and the index’s final share price is equal to or greater than the trigger share price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger share price, investors will be fully exposed to the decline in the ETF from its initial share price.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Trigger performance securities
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Underlying ETF: | Vanguard FTSE Emerging Markets ETF
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Amount: | $1,307,900
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Maturity: | June 30, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If ETF return is positive, par plus 122% of ETF return; if ETF return is zero or negative and ETF’s final share price is equal to or greater than trigger share price, par; if final share price is less than trigger share price, full exposure to decline in ETF from initial share price
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Initial share price: | $43.11
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Trigger price: | $32.33, 75% of initial share price
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Pricing date: | June 25
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78011Q535
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