Published on 1/13/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $3.5 million leveraged notes linked to MSCI EAFE index
By Jennifer Chiou
New York, Jan. 13 - Royal Bank of Canada priced $3.5 million of 0% leveraged notes due Jan. 14, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the index, up to a maximum payment of $1,293 for each $1,000 principal amount.
Investors will share in any losses.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $3.5 million
|
| Maturity: | Jan. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain, capped at 29.3%; exposure to losses
|
| Initial index level: | 1,892.69
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 16
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 1.75%
|
| Cusip: | 78010UMR5
|
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