New Issue: RBC sells $335,000 trigger performance notes linked to Vanguard FTSE EM

By Susanna Moon

Chicago, Oct. 31 – Royal Bank of Canada priced $335,000 of 0% trigger performance securities due Oct. 31, 2017 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial level, the payout at maturity will be par of $10 plus 117% the return.

If the fund falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger performance securities
Underlying fund:	Vanguard FTSE Emerging Markets ETF
Amount:	$335,000
Maturity date:	Oct. 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 117% of return; if fund falls by up to 25%, par; otherwise, full exposure to any losses
Initial level:	$41.90
Trigger level:	$31.43, 75% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	None
Cusip:	78011Y538

© 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.