RBC plans six-month PLUS linked to three indexes, three ETFs

New York, June 19 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2019 linked to a basket made up of three indexes and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include the Russell 3000 Value index with a 25% weight and the Euro Stoxx 50 index, the Euro Stoxx Banks index, the VanEck Vectors Gold Miners exchange-traded fund, the Consumer Staples Select Sector SPDR fund and the iShares U.S. Telecommunications exchange-traded fund, all with a 15% weight.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payment of $10.58 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.

The notes will price on June 29 and settle on July 5.

The Cusip number is 78014G203.

© 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.