Published on 6/4/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $20.25 million PLUS due 2015 linked to WisdomTree Japan
By Jennifer Chiou
New York, June 4 - Royal Bank of Canada priced $20,254,260 of 0% Performance Leveraged Upside Securities due July 6, 2015 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any fund gain, capped at 17%.
Investors will share in any losses.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | WisdomTree Japan Hedged Equity Fund
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Amount: | $20,254,260
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Maturity: | July 6, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any fund gain, capped at 17%; full exposure to losses
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Initial fund price: $47.82
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Pricing date: | May 30
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Settlement date: | June 4
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Agent: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management
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Fees: | 2%
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Cusip: | 78011Q279
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