New Issue: RBC prices $3.76 million notes linked to performance-weighted index basket

By William Gullotti

Buffalo, N.Y., April 12 – Royal Bank of Canada priced $3.76 million of 0% notes due March 29, 2029 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Nikkei 225 index, the S&P 500 index and the Euro Stoxx 50 index. The weighting of the basket is determined by the performance of each index at maturity, with the best performing index weighted at 60%, the next best weighted at 30% and the worst at 10%.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the basket return, capped at par plus 50%.

Otherwise, investors will receive par.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	Nikkei 225 index, S&P 500 index, Euro Stoxx 50 index; basket weighted based upon performance at maturity with the best performing index weighted at 60%, the next best weighted at 30% and the worst at 10%
Amount:	$3,763,000
Maturity:	March 29, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, subject to par plus 50% cap and floor of par
Initial levels:	40,414.12 for Nikkei, 5,218.19 for S&P, 5,044.19 for Stoxx
Pricing date:	March 25
Settlement date:	March 28
Agent:	RBC Capital Markets, LLC
Fees:	3.509%
Cusip:	78017FJR5

© 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.