By Angela McDaniels
Tacoma, Wash., Oct. 2 – Royal Bank of Canada priced $2.69 million of 0% trigger jump securities due April 2, 2019 linked to the common stock of Symantec Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 22%.
If the final share price is less than the initial share price but greater than or equal to the trigger price, the payout will be par. The trigger price is 90% of the initial share price.
If the final share price is less than the trigger price, investors will be fully exposed to the stock’s decline from the initial share price.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Symantec Corp. (Symbol: SYMC)
|
| Amount: | $2,685,000
|
| Maturity: | April 2, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 22%; if final share price is less than initial share price but greater than or equal to trigger price, par; if final share price is less than trigger price, full exposure to stock’s decline from initial share price
|
| Initial share price: | $33.07
|
| Trigger price: | $29.76, 90% of initial share price
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | RBC Capital Markets, LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 78013F370
|
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