RBC to price PLUS linked to basket of two indexes and six funds

By Sarah Lizee

Olympia, Wash., Dec. 18 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due July 3, 2019 linked to a basket of two indexes and six funds, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Russell 3000 Value index with a 25% weight, the VanEck Vectors Gold Miners exchange-traded fund with a 15% weight, the Euro Stoxx Banks index, the iShares MSCI Emerging Markets exchange-traded fund, the iShares MSCI Japan exchange-traded fund, the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, the iShares Nasdaq Biotechnology exchange-traded fund and the iShares U.S. Telecommunications exchange-traded fund with a 10% weight each.

The payout at maturity will be par plus 200% of any basket gain, subject to a maximum payout of $10.87 per $10 of notes.

Investors will lose 1% for each 1% decline.

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

The notes (Cusip: 78014H128) will price on Dec. 28 and settle on Jan. 4.

© 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.