New Issue: RBC prices $7.84 million PLUS due 2016 linked to Euro Stoxx 50

By Jennifer Chiou

New York, Jan. 2 – Royal Bank of Canada priced $7,838,420 of 0% Performance Leveraged Upside Securities due April 4, 2016 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 plus triple any gain in the index, up to a maximum return of 17%.

Investors will be fully exposed to any decline in the index.

RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management as distributor.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$7,838,420
Maturity:	April 4, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, return capped at 17%; full exposure to losses
Initial level:	3,135.95
Pricing date:	Dec. 30
Settlement date:	Jan. 5
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78011Y736

© 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.