Published on 9/4/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $12.02 million PLUS due 2014 with cap tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Sept. 4 - Royal Bank of Canada priced $12.02 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $11.87 per note.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $12,018,160
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Maturity: | Oct. 3, 2014
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus triple any index gain, up to a maximum payout of $11.87 per note; full exposure to any losses
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Initial level: | 2,721.37
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | RBC Capital Markets, LLC with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 2%
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Cusip: | 78009Q117
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