New Issue: RBC sells $95,000 market-linked notes linked to basket of two ETFs

By Wendy Van Sickle

Columbus, Ohio, June 10 – Royal Bank of Canada priced $95,000 of 0% market-linked securities with leveraged upside participation to a cap and contingent downside due June 6, 2022 linked a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the SPDR S&P 500 ETF trust and the iShares MSCI China ETF.

The payout at maturity will be par plus 1.25 times any basket gain, capped at par plus 48%. Investors will receive par if the basket falls by up to 20% and will be fully exposed to the basket decline if it falls by more than 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities with leveraged upside participation to a cap and contingent downside
Underlying basket:	SPDR S&P 500 ETF trust and iShares MSCI China ETF, equally weighted
Amount:	$95,000
Maturity:	June 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any basket gain, capped at par plus 48%; par if the basket falls by up to 20%; full exposure to the basket decline if it falls by more than 20%
Initial values:	$279.03 for SPDR S&P and $55.45 for iShares China
Pricing date:	May 30
Settlement date:	June 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.75%
Cusip:	78013X6H6

© 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.