Published on 7/2/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.76 million one-year PLUS linked to WisdomTree Japan
By Susanna Moon
Chicago, July 2 – Royal Bank of Canada priced $1.76 million of 0% Performance Leveraged Upside Securities due July 30, 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 triple any fund gain, capped at 13.5%.
Investors will share in any losses.
RBC Capital Markets, LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | Royal Bank of Canada
|
| Issue: | Performance Leveraged Upside Securities
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| Underlying fund: | WisdomTree Japan Hedged Equity fund
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| Amount: | $1,763,500
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| Maturity: | July 30, 2015
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 13.5%; full exposure to losses
|
| Initial level: | $49.16
|
| Pricing date: | June 27
|
| Settlement date: | July 2
|
| Agent: | RBC Capital Markets, LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.4%
|
| Cusip: | 78011Q683
|
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