New Issue: RBC prices $3.44 million lookback step performance notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., June 18 – Royal Bank of Canada priced $3.44 million of 0% lookback step performance securities due June 22, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level will be the lowest index closing level from the pricing date to Aug. 15.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of 16.8% and the index return. If the index return is negative, investors will have one-to-one exposure to the decline.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Lookback step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$3,435,500
Maturity:	June 22, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of 16.8% and index return; if index return is negative, one-to-one exposure to decline
Initial index level:	Lowest index closing level from pricing date to Aug. 15
Pricing date:	June 16
Settlement date:	June 19
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78011Q493

© 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.