Published on 1/2/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.26 million PLUS linked to WisdomTree Japan Equity fund
By Jennifer Chiou
New York, Jan. 2 – Royal Bank of Canada priced $2,263,090 of 0% Performance Leveraged Upside Securities due April 4, 2016 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 16.5%.
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
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $2,263,090
|
| Maturity: | April 4, 2016
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 16.5%; full exposure to losses
|
| Initial level: | $49.41
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 78011Y728
|
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