Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.3 million market plus notes linked to WisdomTree India Earnings Fund
By Angela McDaniels
Tacoma, Wash., May 19 – Royal Bank of Canada priced $1.3 million of 0% market plus notes due May 20, 2020 linked to the WisdomTree India Earnings Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus the fund return. If the fund declines by 27% or less, the payout will be par. If the fund declines by more than 27%, investors will be fully exposed to the fund’s decline from its initial share price.
RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Market plus notes
|
| Underlying fund: | WisdomTree India Earnings Fund
|
| Amount: | $1.3 million
|
| Maturity: | May 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus fund return; if fund declines by 27% or less, par; if fund declines by more than 27%, full exposure to fund’s decline from initial share price
|
| Initial share price: | $21.96
|
| Barrier level: | $16.03, 73% of initial share price
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Underwriter: | RBC Capital Markets, LLC
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 78012KEJ2
|
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