By Marisa Wong
Madison, Wis., June 29 – Royal Bank of Canada priced $8.52 million of 0% trigger performance securities due June 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 146.64% of the fund return.
If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the underwriters.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger performance securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $8,518,420
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 146.64% of fund return; if fund return is zero or negative and fund’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in fund from initial level
|
| Initial price: | $65.77
|
| Trigger price: | $49.33, 75% of initial price
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriters: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
| Fees: | 3.5%
|
| Cusip: | 78013D219
|
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