By Toni Weeks
San Luis Obispo, Calif., May 4 – Royal Bank of Canada priced $12 million of 0% trigger Performance Leveraged Upside Securities due May 3, 2018 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum return of 40%.
If the shares fall by up to the 85% trigger price, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Royal Bank of Canada.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree India Earnings fund
|
| Amount: | $12,002,840
|
| Maturity date: | May 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 40%; par if fund falls by up to 15%; otherwise, full exposure to any losses
|
| Initial level: | $21.37
|
| Trigger level: | $18.16, 85% of the initial price
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Underwriter: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 780082822
|
© 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.
