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