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Published on 12/3/2013 in the Prospect News Structured Products Daily.

New Issue: RBC prices $5.85 million PLUS due 2015 linked to index, fund basket

By Susanna Moon

Chicago, Dec. 3 - Royal Bank of Canada priced $5.85 million of 0% Performance Leveraged Upside Securities due Jan. 2, 2015 linked to a basket of indexes and funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 12% weight, iShares Russell 2000 ETF with a 12% weight, WisdomTree Japan Hedged Equity fund with a 12% weight, Financial Select Sector SPDR fund with a 12% weight and Technology Select Sector SPDR fund with a 12% weight.

The payout at maturity will be par of $10.00 plus triple any basket gain, up to a maximum return of 11.75%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:Royal Bank of Canada
Issue:Performance Leveraged Upside Securities
Underlying basket:S&P 500 index (40% weight), the Euro Stoxx 50 index (12% weight), iShares Russell 2000 ETF (12% weight), WisdomTree Japan Hedged Equity fund (12% weight), Financial Select Sector SPDR fund (12% weight) and Technology Select Sector SPDR fund (12% weight)
Amount:$5,846,200
Maturity:Jan. 2, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any basket gain, capped at 11.75%; full exposure to any losses
Pricing date:Nov. 26
Settlement date:Dec. 2
Agent:RBC Capital Markets, LLC with Morgan Stanley Smith Barney LLC handling distribution
Fees:2%
Cusip:78010Y141

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