Published on 1/7/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $8.02 million PLUS on basket of two indexes, six funds
By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Royal Bank of Canada priced $8.02 million of 0% Performance Leveraged Upside Securities due July 3, 2019 linked to a basket made up of two indexes and six exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Russell 3000 Value index with a 25% weight, the VanEck Vectors Gold Miners exchange-traded fund with a 15% weight and the Euro Stoxx Banks index, the iShares MSCI Emerging Markets ETF, the iShares MSCI Japan ETF, the SPDR S&P Oil & Gas Exploration & Production ETF, the iShares Nasdaq Biotechnology ETF and the iShares U.S. Telecommunications exchange-traded fund, all with a 10% weight.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payment of $10.90 per PLUS.
Investors will be fully exposed to any index decline.
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 assets: | Russell 3000 Value with a 25% weight; VanEck Vectors Gold Miners ETF with a 15% weight; Euro Stoxx Banks index iShares MSCI Emerging Markets ETF, iShares MSCI Japan ETF, SPDR S&P Oil & Gas Exploration & Production ETF, iShares Nasdaq Biotechnology ETF and iShares U.S. Telecommunications ETF, each with a 10% weight
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| Amount: | $8,019,960
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| Maturity: | July 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, subject to $10.90 maximum payment per PLUS; 1% loss per 1% decline
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| Initial levels: | 1,428.631 for Russell 3000 Value, 86.76 for Euro Stoxx Banks, $20.60 for VanEck Vectors Gold Miners, $39.24 for Emerging Markets, $50.78 for Japan, $26.37 for Oil & Gas, $94.84 for Biotech, $26.05 for iShares U.S. Telecommunications
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 4
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| Agent: | RBC Capital Markets, LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 78014H128
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