RBC to price six-month PLUS tied to basket of two indexes, two ETFs

By Tali Rackner

Norfolk, Va., July 1 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due in December 2015 based on a basket of two equity indexes and two exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Russell 2000 index and the Euro Stoxx 50 index, each weighted at 30%, and Market Vectors Gold Miners ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, each weighted at 20%.

If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the basket return, subject to a maximum payment of $10.785 per note.

If the basket return is negative, investors will have one-to-one exposure to the decline.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.

The notes are expected to price July 6 and settle July 9.

The Cusip number is 78013D383.

© 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.