Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Oil & Gas Exploration & Production exchange-traded fund > News item |
RBC plans trigger PLUS on SPDR S&P Oil & Gas Exploration & Production
By Tali Rackner
Minneapolis, Jan. 5 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 15, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum payment of $12.19 per trigger plus.
If the fund finishes below its initial level but at or above the 80% trigger price, the payout will be par.
If the fund falls by more than 20%, investors will be fully exposed to losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management as dealer.
The notes will price on Jan. 12 and settle on Jan. 18.
The Cusip number is 78013Q137.
© 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.