Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $3.62 million return optimization notes linked to Russell
By Toni Weeks
San Luis Obispo, Calif., May 30 - Royal Bank of Canada priced $3.62 million of 0% return optimization securities due June 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 15.5%.
Investors will be fully exposed to losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Return optimization securities
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Underlying index: | Russell 2000
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Amount: | $3,616,530
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Maturity: | June 30, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, return capped at 15.5%; full exposure to losses
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Initial level: | 997.35
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Pricing date: | May 28
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Settlement date: | May 31
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | 2%
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Cusip: | 78008D521
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