Published on 7/7/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $7.91 million PLUS due 2014 linked to index, fund basket
By Susanna Moon
Chicago, July 7 – Royal Bank of Canada priced $7.91 million of 0% Performance Leveraged Upside Securities due Dec. 26, 2014 linked to a basket of indexes and funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 40% weight, the Euro Stoxx 50 index with a 25% weight, the WisdomTree Japan Hedged Equity fund with a 25% weight and the Market Vectors Gold Miners exchange-traded fund with a 10% weight.
The payout at maturity will be par of $10 plus double any gain in the basket, up to a maximum return of 6%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as distributor.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying basket: | Russell 2000 index (40% weight), the Euro Stoxx 50 index (25% weight), the WisdomTree Japan Hedged Equity fund (25% weight) and the Market Vectors Gold Miners ETF (10% weight)
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Amount: | $7,914,450
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Maturity: | Dec. 26, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any basket gain, capped at 6%; exposure to any losses
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Initial level: | 1,205.946 for Russell, 3,258.71 for Euro Stoxx, $50.22 for WisdomTree and $26.24 for Gold Miners
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Pricing date: | July 1
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Settlement date: | July 7
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Agent: | RBC Capital Markets, LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.5%
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Cusip: | 78011Q675
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