Published on 12/30/2014 in the Prospect News Structured Products Daily.
New issue: RBC prices $15.28 million 13-month PLUS linked to basket of 20 stocks
By Toni Weeks
San Luis Obispo, Calif., Dec. 30 – Royal Bank of Canada priced $15.28 million of 0% Performance Leveraged Upside Securities due Jan. 29, 2016 linked to a basket of 20 common stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The basket stocks include Amazon.com, Inc., Apache Corp., Anadarko Petroleum Corp., American Express Co., Bank of America Corp., CBS Corp., Chevron Corp., ConocoPhillips, Halliburton Co., JPMorgan Chase & Co., Marathon Petroleum Corp., National Oilwell Varco, Inc., Occidental Petroleum Corp., Prudential Financial, Inc., Salesforce.com, Inc., Schlumberger NV, Starwood Hotels & Resorts Worldwide Inc., Tesla Motors, Inc., United States Steel Corp. and Williams Cos., Inc.
The payout at maturity will be par plus triple any basket gain, up to a maximum payment of $11.83 per $10.00 note. Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Royal Bank of Canada
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| Issue: | Performance Leveraged Upside Securities
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| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN), Apache Corp. (Symbol: APA), Anadarko Petroleum Corp. (Symbol: APC), American Express Co. (Symbol: AXP), Bank of America Corp. (Symbol: BAC), CBS Corp. (Symbol: CBS), Chevron Corp. (Symbol: CVX), ConocoPhillips (Symbol: COP), Halliburton Co. (Symbol: HAL), JPMorgan Chase & Co. (Symbol: JPM), Marathon Petroleum Corp. (Symbol: MPC), National Oilwell Varco, Inc. (Symbol: NOV), Occidental Petroleum Corp. (Symbol: OXY), Prudential Financial, Inc. (Symbol: PRU), Salesforce.com, Inc. (Symbol: CRM), Schlumberger NV (Symbol: SLB), Starwood Hotels & Resorts Worldwide Inc. (Symbol: HOT), Tesla Motors, Inc. (Symbol: TSLA), United States Steel Corp. (Symbol: X) and Williams Cos., Inc. (Symbol: WMB)
|
| Amount: | $15,284,900
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| Maturity: | Jan. 29, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is positive, par plus 300% of basket return, subject to 18.3% maximum return; one-to-one exposure to any basket decline
|
| Initial basket level: | 100
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| Pricing date: | Dec. 26
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| Settlement date: | Dec. 31
|
| Agent: | RBC Capital Markets, LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 780082103
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