RBC plans to price PLUS tied to basket of five Asia-related ETFs

By Marisa Wong

Madison, Wis., March 3 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due July 6, 2016 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the WisdomTree India Earnings Fund, the iShares MSCI Malaysia ETF, the iShares MSCI Taiwan ETF, the iShares MSCI South Korea Capped ETF and the iShares China Large-Cap ETF.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 15%.

If the basket return is negative, investors will have one-to-one exposure to the decline.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.

The notes will price on March 31 and settle on April 6.

The Cusip number is 780082574.

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