Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares MSCI South Korea Capped ETF > News item |
RBC plans to price PLUS tied to basket of five Asia-related ETFs
By Marisa Wong
Madison, Wis., March 3 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due July 6, 2016 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the WisdomTree India Earnings Fund, the iShares MSCI Malaysia ETF, the iShares MSCI Taiwan ETF, the iShares MSCI South Korea Capped ETF and the iShares China Large-Cap ETF.
If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 15%.
If the basket return is negative, investors will have one-to-one exposure to the decline.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
The notes will price on March 31 and settle on April 6.
The Cusip number is 780082574.
© 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.