Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $8.84 million PLUS on basket of three indexes, three funds
By Sarah Lizee
Olympia, Wash., July 5 – Royal Bank of Canada priced $8.84 million of 0% Performance Leveraged Upside Securities due Jan. 3, 2019 linked to a basket made up of three indexes and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Russell 3000 Value index with a 25% weight and the Euro Stoxx 50 index, the Euro Stoxx Banks index, the VanEck Vectors Gold Miners exchange-traded fund, the Consumer Staples Select Sector SPDR fund and the iShares U.S. Telecommunications exchange-traded fund, all with a 15% weight.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payment of $10.58 per PLUS.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Royal Bank of Canada
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying assets: | Russell 3000 Value with a 25% weight; Euro Stoxx 50, Euro Stoxx Banks, VanEck Vectors Gold Miners, Consumer Staples Select Sector SPDR, iShares U.S. Telecommunications, all with a 15% weight
|
| Amount: | $8,838,230
|
| Maturity: | Jan. 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, subject to $10.58 maximum payment per PLUS; 1% loss per 1% decline
|
| Initial levels: | 1,576.459 for Russell 3000 Value, 3,395.60 for Euro Stoxx 50, 110.45 for Euro Stoxx Banks, $22.31 for VanEck Vectors Gold Miners, $51.53 for Consumer Staples Select Sector SPDR, $27.57 for iShares U.S. Telecommunications
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | RBC Capital Markets, LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 78014G203
|
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