RBC to price trigger callable contingent yield notes on three indexes

By Marisa Wong

Morgantown, W.Va., April 7 – Royal Bank of Canada plans to price 5% trigger callable yield notes due April 13, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be callable at par on any coupon payment date.

The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes will price on April 8.

The Cusip number is 78014C137.

© 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.