RBC to price PLUS linked to basket of three indexes and three funds

By Devika Patel

Knoxville, Tenn., June 26 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Dec. 28, 2017 linked to a basket of three indexes and three funds, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight, the Topix index with a 15% weight, the SPDR S&P Regional Banking exchange-traded fund with a 15% weight, the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund with a 15% weight and the Market Vectors Gold Miners exchange-traded fund with a 15% weight.

The payout at maturity will be par plus 200% of any basket gain, subject to a maximum payout of $10.675 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: 78014E869) will price on June 30 and settle on July 6.

© 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.