New Issue: RBC prices $4.86 million PLUS due 2015 linked to Russell 2000 index

By Jennifer Chiou

New York, July 3 – Royal Bank of Canada priced $4,861,600 of 0% Performance Leveraged Upside Securities due Aug. 4, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13%. If the index return is negative, investors will be fully exposed to the decline.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as distributor.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$4,861,600
Maturity:	Aug. 4, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to a maximum return of 13%; full exposure to any losses
Initial level:	1,192.964
Pricing date:	June 30
Settlement date:	July 3
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	78011Q519

© 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.