New Issue: RBC prices $2.67 million buffered PLUS on Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, Aug. 23 – Royal Bank of Canada priced $2.67 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of $11.95 per security. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond the 10% buffer.

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

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$2,673,640
Maturity:	March 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, capped at $11.95 per security; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10% buffer
Initial level:	4,229.7
Buffer level:	90% of initial level
Pricing date:	Aug. 13
Settlement date:	Aug. 18
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as distributor
Fees:	3%
Cusip:	78014U418

© 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.