New Issue: RBC prices $5.53 million jump securities linked to iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., Nov. 2 - Royal Bank of Canada priced $5.53 million of 0% jump securities due May 6, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus 9.2%. If the final share price is less than the initial share price, investors will be fully exposed to the decline.

RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	Royal Bank of Canada
Issue:	Jump securities
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$5,527,800
Maturity:	May 6, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial share price, par plus 9.2%; if final share price is less than initial share price, full exposure to decline
Initial share price:	$41.11
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	1.5%
Cusip:	78008W370

© 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.