Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Swiss Market index > News item |
RBC to price five-year trigger gears tied to basket of six indexes
By Marisa Wong
Los Angeles, July 17 – Royal Bank of Canada plans to price 0% trigger gears due July 23, 2024 linked to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 3.575 to 3.605 times the basket return.
Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
RBC Capital Markets, LLC is the underwriter. UBS Financial Services Inc. is the selling agent.
The notes will price July 18.
The Cusip number is 78014J256.
© 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.