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 11/10/2015 in the Prospect News Structured Products Daily.

New Issue: RBC prices $4.92 million jump securities linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 10 – Royal Bank of Canada priced $4.92 million of 0% jump securities due Nov. 2, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the upside payment of 26.25%. If the index finishes below the initial level, investors will be fully exposed to the decline.

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

Issuer:Royal Bank of Canada
Issue:Jump securities
Underlying index:Euro Stoxx 50 index
Amount:$4,924,870
Maturity:Nov. 2, 2017
Coupon:0%
Price:Par
Payout at maturity:If the index finishes at or above the initial level, par plus 26.25%; if the index finishes below the initial level, investors will be fully exposed to the decline
Initial level:3,418.23
Pricing date:Oct. 30
Settlement date:Nov. 4
Agent:RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.5%
Cusip:78013D854

© 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.