RBC plans six-month PLUS with cap linked to one fund, three indexes

By Susanna Moon

Chicago, June 17 - Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due December 2013 linked to a basket of indexes and a fund, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index with a 30% weight, the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 25% weight and the SPDR Gold Trust with a 20% weight.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 6.3% to 8.3%. The exact cap will be set at pricing.

Otherwise, investors will be exposed to losses.

RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price on June 19 and settle three days later.

The Cusip number is 78008Y749.

© 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.