RBC plans to price trigger jump securities linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., July 3 – Royal Bank of Canada plans to price 0% trigger jump securities due August 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is above the threshold level, 139% of the initial level, the payout at maturity will be par plus the index return.

If the final index level is less than or equal to the threshold level and greater than or equal to the initial level, the payout will be par plus the upside payment of $3.90 per $10.00 note.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls below the 60% trigger level.

The notes (Cusip: 78011Q774) will price July 31 and settle three business days later.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as dealer.

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