New Issue: RBC prices $15 million market-linked notes tied to three indexes

By Marisa Wong

Madison, Wis., Sept. 23 - Royal Bank of Canada priced $15 million of 0% market-linked notes due Sept. 26, 2022 linked to a global index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.

If the basket return is positive, the payout at maturity will be par plus 101% of the gain. If the basket falls, the payout will be par.

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

Issuer:	Royal Bank of Canada
Issue:	Market-linked notes
Underlying indexes:	S&P 500 (55% weight), MSCI EAFE (30% weight), Russell 2000 (15% weight)
Amount:	$15 million
Maturity:	Sept. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 101% of any basket gain; minimum payout of par
Initial levels:	1,722.34 for S&P 500, 1,844.39 for MSCI EAFE and 1,075.27 for Russell 2000
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agents:	RBC Capital Markets LLC and UBS Financial Services Inc.
Fees:	0.2%
Cusip:	78009Q489

© 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.