By Jennifer Chiou
New York, March 4 - Royal Bank of Canada priced $420,000 of 0% upside participation equity linked averaging notes due March 4, 2020 linked to a basket of two funds and an index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones industrial average with a 60% weight, the SPDR S&P Midcap 400 ETF Trust with a 20% weight and the iShares Russell 2000 index fund with a 20% weight.
The payout at maturity will based on the performance of the basket from the initial level to the final average level.
The payout at maturity will be par plus any gain in the basket.
If the basket falls, the payout will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Upside participation equity linked averaging notes
|
| Underlying basket: | Dow Jones industrial average (60% weight), the SPDR S&P Midcap 400 ETF Trust (20% weight) and the iShares Russell 2000 index fund (20% weight)
|
| Amount: | $420,000
|
| Maturity: | March 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, floor of par
|
| Initial levels: | 14,054.49 for Dow, $200.51 for Midcap fund and $90.46 for Russell fund
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.5%
|
| Cusip: | 78008SYV2
|
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