RBC plans trigger performance securities on Vanguard FTSE fund

By Jennifer Chiou

New York, March 4 – Royal Bank of Canada plans to price 0% trigger performance securities due March 29, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 134% to 144% of the fund return.

If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 80% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.

The notes (Cusip: 780082673) will price on March 26 and settle on March 31.

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

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