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RBC to price PLUS linked to WisdomTree Japan Hedged Equity fund
By Jennifer Chiou
New York, July 30 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due October 2015 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10.00 plus 300% of the ETF return, subject to a maximum payment of $11.20 per note. If the ETF return is negative, investors will have one-to-one exposure to the ETF’s decline.
The notes (Cusip: 78011Y157) are expected to price on Aug. 29.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
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