Published on 1/6/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $5.84 million PLUS on basket of two indexes, two funds
By Susanna Moon
Chicago, Jan. 6 – Royal Bank of Canada priced $5.84 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2016 linked to a basket of two indexes and two exchange-traded funds, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 index, the Russell 2000 index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 12%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Royal Bank of Canada
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| Issue: | Performance Leveraged Upside Securities
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| Underlying basket: | S&P MidCap 400 index, the Russell 2000 index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF, equally weighted
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| Amount: | $5,839,700
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| Maturity: | Feb. 5, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any basket gain, capped at 12%; full exposure to losses
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| Initial levels: | 1,451.31 for S&P MidCap, 1,198.80 for Russell, $60.58 for iShares MSCI EAFE and $38.77 for iShares MSCI EM
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 7
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| Agent: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 1.75%
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| Cusip: | 78011Y843
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