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RBC plans to price 13-month PLUS linked to basket of 20 stocks
By Toni Weeks
San Luis Obispo, Calif., Dec. 22 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Jan. 29, 2016 linked to a basket of 20 common stocks, equally weighted, according to an FWP filing with the Securities and Exchange Commission.
The basket stocks include Amazon.com, Inc., Apache Corp., Anadarko Petroleum Corp., American Express Co., Bank of America Corp., CBS Corp., Chevron Corp., ConocoPhillips, Halliburton Co., JPMorgan Chase & Co., Marathon Petroleum Corp., National Oilwell Varco, Inc., Occidental Petroleum Corp., Prudential Financial, Inc., Salesforce.com, Inc., Schlumberger NV, Starwood Hotels & Resorts Worldwide Inc., Tesla Motors, Inc., United States Steel Corp. and Williams Cos., Inc.
The payout at maturity will be par plus triple any basket gain, up to a maximum payment of $11.83 per $10.00 note. Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
The notes will price Dec. 26 and settle Dec. 31.
The Cusip number is 780082103.
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