New Issue: RBC prices $4.1 million PLUS due 2018 with cap linked to indexes, fund

By Susanna Moon

Chicago, Jan. 27 – Royal Bank of Canada priced $4.1 million of 0% Performance Leveraged Upside Securities due March 2, 2018 linked to a basket of indexes and exchange traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 15% weight and the WisdomTree Japan Hedged Equity fund with a 15% weight.

The payout will be par of $10.00 triple any basket gain, up to a maximum return of $11.275 per PLUS.

Investors will be exposed to any losses.

RBC Capital Markets LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Basket components:	S&P 500 index (50% weight), Russell 2000 index (20% weight), Euro Stoxx 50 index (15% weight) and WisdomTree Japan Hedged Equity fund (15% weight)
Amount:	$4,095,100
Maturity:	March 2, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at 12.75%; exposure to any losses
Initial levels:	2,280.07 for S&P, 1,369.210 for Russell, 3,281.53 for Stoxx and $50.28 for WisdomTree
Pricing date:	Jan. 24
Settlement date:	Jan. 27
Underwriter:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78014E273

© 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.