New Issue: RBC sells $8.05 million 15-month PLUS linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 21 – Royal Bank of Canada priced $8.05 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2018 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 of $10 plus triple the index return, subject to a maximum payment of $12.075 per PLUS.

Investors will be fully exposed to losses.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$8,045,280
Maturity:	Oct. 3, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par of $10 plus triple the index return, subject to a maximum payment of $12.075 per PLUS; full exposure to losses
Initial level:	3,441.88
Pricing date:	June 30
Settlement date:	July 6
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	78014E844

© 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.