RBC plans trigger performance notes linked to Vanguard FTSE EM ETF

By Angela McDaniels

Tacoma, Wash., May 5 - Royal Bank of Canada plans to price 0% trigger performance securities due May 31, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 108% to 118% of the ETF return. The exact participation rate will be set at pricing.

If the ETF return is zero or negative and the final share price is greater than or equal to the trigger price, the payout will be par. The trigger price will be 60% of the initial share price.

If the final share price is less than the trigger price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes are expected to price May 27 and settle May 30.

The Cusip number is 78011Q303.

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