New Issue: RBC prices $13.57 million trigger callable yield notes on three indexes

By Marisa Wong

Morgantown, W.Va., Feb. 14 – Royal Bank of Canada priced $13.57 million of 5% trigger callable yield notes due Aug. 19, 2019 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If each index finishes at or above its downside threshold level, 55% of its initial level, the payout at maturity will be par of $10. If any index finishes below its downside threshold, investors will be fully exposed to the decline of the least-performing index.

The notes are callable at par on any coupon payment date.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger callable yield notes
Underlying indexes:	Euro Stoxx 50, Russell 2000 and S&P 500
Amount:	$13,565,000
Maturity:	Aug. 19, 2019
Coupon:	5%, payable quarterly
Price:	Par of $10
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, full exposure to decline of least-performing index
Initial index levels:	2,316.10 for S&P, 3,270.83 for Stoxx and 1,388.844 for Russell
Downside thresholds:	1,273.86 for S&P, 1,798.96 for Stoxx and 763.864 for Russell, 55% of initial levels
Pricing date:	Feb. 10
Settlement date:	Feb. 17
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1.5%
Cusip:	78014E349

© 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.