RBC plans return optimization notes tied to basket of energy stocks

By Toni Weeks

San Luis Obispo, Calif., March 19 – Royal Bank of Canada plans to price 0% return optimization securities due Sept. 29, 2017 linked to a basket of energy-related stocks, equally weighted, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the common stocks of Apache Corp., Continental Resources, Inc., Helmerich & Payne, Inc., Nabors Industries Ltd., Newfield Exploration Co., Oasis Petroleum Inc., Pioneer Natural Resources Co. and Schlumberger NV.

If the basket finishes above its initial level, the payout at maturity will be par plus two times the basket gain, capped at par plus 59% to 64%. The exact maximum return will be set at pricing. Investors will share fully in any losses if the basket declines.

The notes (Cusip: 780082699) are expected to price March 27 and settle March 31.

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

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