Published on 6/2/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.19 million jump securities tied to SPDR S&P Oil & Gas ETF
By Toni Weeks
San Luis Obispo, Calif., June 2 – Royal Bank of Canada priced $2.19 million of 0% jump securities due Jan. 4, 2016 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 13.4%. If the final share price is less than the initial share price, investors will have one-to-one exposure to the decline.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | Royal Bank of Canada
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Issue: | Jump securities
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Underlying fund: | SPDR S&P Oil & Gas Exploration and Production ETF
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Amount: | $2,185,000
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Maturity: | Jan. 4, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 13.4%; if final share price is less than initial share price, full exposure to decline
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Initial share price: | $49.55
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | RBC Capital Markets, LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 78013D185
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