E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/31/2015 in the Prospect News Structured Products Daily.

RBC plans to price six-month PLUS linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Dec. 31 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due July 8, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, capped at 6%.

Investors will be fully exposed to any index decline.

RBC Capital Markets, LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes will price on Jan. 4 and settle on Jan. 7.

The Cusip number is 78013C484.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.