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Company Description (as filed with the SEC)
Through our business strategies and actions we pursue our vision, "To be among the world's most trusted and successful financial institutions." Our three strategic goals are: * In Canada, to be the undisputed leader in financial services; * In the U.S., to be the preferred partner to corporate, institutional and high net worth clients and their businesses; and * In select global financial centres, to be a leading financial services partner valued for our expertise. The Canadian economy grew in 2013 driven by consumer spending and business investment, moderated by weak net exports. Capital markets in Canada and the U.S. also saw improvements. For RBC, 2013 was a year of strong performance. In February 2013, we completed the acquisition of the Canadian auto finance and deposit business of Ally Financial Inc. (Ally Canada). ... More ...
The ETNs are senior unsecured medium-term notes of Royal Bank of Canada that linked to the return of the S&P 500 Trend Allocator PR Index. The ETNs are designed for investors who seek exposure to the S&P 500 Trend Allocator PR Index and may pay a variable quarterly coupon linked to the cash distributions of the constituent securities in the Index. The ETN is subject to an ETN Investor Fee.