By Marisa Wong
Madison, Wis., June 30 – Royal Bank of Canada priced $1.25 million of 0% trigger performance securities due June 29, 2018 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 115% of any fund gain.
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.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger performance securities
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| Underlying fund: | Vanguard FTSE Emerging Markets ETF
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| Amount: | $1,252,250
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| Maturity: | June 29, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 115% of fund return; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
|
| Initial price: | $42.02
|
| Trigger price: | $31.52, 75% of initial price
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agents: | RBC Capital Markets, LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 78013D235
|
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