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Published on 12/21/2017 in the Prospect News Structured Products Daily.

New Issue: RBC sells $1.65 million of 15-month capped PLUS linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Dec. 21 – Royal Bank of Canada priced $1.65 million of 0% Performance Leveraged Upside Securities due April 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum payment of $12.225 per PLUS.

Investors will be fully exposed to any index decline.

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:$1,645,870
Maturity:April 3, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, with payout capped at $12.225 per PLUS; full exposure to losses
Initial level:3,560.53
Pricing date:Dec. 15
Settlement date:Dec. 20
Agent:RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:78013F743

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