Published on 10/6/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.26 million PLUS due 2017 linked to WisdomTree Japan fund
By Marisa Wong
Morgantown, W.Va., Oct. 6 – Royal Bank of Canada priced $4.26 million of 0% Performance Leveraged Upside Securities due Jan. 5, 2017 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 of $10 plus triple any fund gain, up to a maximum return of 20%.
Investors will be fully exposed to 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: | $4,257,940
|
Maturity: | Jan. 5, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 20%; full exposure to any losses
|
Initial price: | $48.66
|
Pricing date: | Sept. 30
|
Settlement date: | Oct. 5
|
Agent: | RBC Capital Markets, LLC
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 78013D730
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.