Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $8.84 million PLUS on basket of three indexes, three funds
By Sarah Lizee
Olympia, Wash., July 5 – Royal Bank of Canada priced $8.84 million of 0% Performance Leveraged Upside Securities due Jan. 3, 2019 linked to a basket made up of three indexes and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Russell 3000 Value index with a 25% weight and the Euro Stoxx 50 index, the Euro Stoxx Banks index, the VanEck Vectors Gold Miners exchange-traded fund, the Consumer Staples Select Sector SPDR fund and the iShares U.S. Telecommunications exchange-traded fund, all with a 15% weight.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payment of $10.58 per PLUS.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Royal Bank of Canada
|
Issue: | Performance Leveraged Upside Securities
|
Underlying assets: | Russell 3000 Value with a 25% weight; Euro Stoxx 50, Euro Stoxx Banks, VanEck Vectors Gold Miners, Consumer Staples Select Sector SPDR, iShares U.S. Telecommunications, all with a 15% weight
|
Amount: | $8,838,230
|
Maturity: | Jan. 3, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, subject to $10.58 maximum payment per PLUS; 1% loss per 1% decline
|
Initial levels: | 1,576.459 for Russell 3000 Value, 3,395.60 for Euro Stoxx 50, 110.45 for Euro Stoxx Banks, $22.31 for VanEck Vectors Gold Miners, $51.53 for Consumer Staples Select Sector SPDR, $27.57 for iShares U.S. Telecommunications
|
Pricing date: | June 29
|
Settlement date: | July 5
|
Agent: | RBC Capital Markets, LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 1.75%
|
Cusip: | 78014G203
|
© 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.