New Issue: RBC sells $2.3 million jump securities on Stoxx 50

By Sarah Lizee

Olympia, Wash., March 12 – Royal Bank of Canada priced $2.3 million of 0% jump securities due June 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 19%.

If the index declines, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Royal Bank of Canada
Issue:	Jump securities
Underlying index:	Euro Stoxx 50
Amount:	$2,296,000
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains, par plus 19%; full exposure to any losses
Initial level:	3,329.49
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	2.25%
Cusip:	78014K576

© 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.