E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/17/2015 in the Prospect News Structured Products Daily.

New Issue: RBC prices $3.55 million 15-month PLUS linked to Euro Stoxx 50 index

By Tali Rackner

Norfolk, Va., Sept. 17 – Royal Bank of Canada priced $3.55 million of 0% Performance Leveraged Upside Securities due Dec. 20, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 20.7%. Investors will be fully exposed to any decline in the index.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:Royal Bank of Canada
Issue:Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$3,546,220
Maturity date:Dec. 20, 2016
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, subject to 20.7% maximum return; full exposure to losses
Initial index level:3,207.60
Pricing date:Sept. 15
Settlement date:Sept. 18
Agent:RBC Capital Markets, LLC
Distribution:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:78013D656

© 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.