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RBC plans to price 13-month PLUS linked to basket of five funds
By Susanna Moon
Chicago, Jan. 12 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due May 2016 linked to a basket of five equally weighted exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The underlying funds are WisdomTree India Earnings Fund, iShares MSCI Malaysia ETF, iShares MSCI Taiwan ETF, iShares MSCI South Korea Capped ETF and iShares China Large-Cap ETF.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 15%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Jan. 30.
The Cusip number is 780082228.
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