Published on 11/9/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $13.96 million PLUS linked to WisdomTree Japan fund
By Marisa Wong
Morgantown, W.Va., Nov. 9 – Royal Bank of Canada priced $13.96 million of 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund’s return is positive, the payout at maturity will be par of $10 plus 300% of the fund’s return, subject to a maximum return of 19.2%. Investors will be exposed to the losses if the fund declines.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: | WisdomTree Japan Hedged Equity Fund
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Amount: | $13,955,550
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Maturity: | Feb. 2, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any fund gain, capped at 19.2%; full exposure to any fund decline
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Initial share price: | $53.29
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | RBC Capital Markets, LLC with distribution through Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 78013C104
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