New Issue: RBC prices $9.87 million PLUS due 2019 tied to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, May 2 – Royal Bank of Canada priced $9.87 million of 0% Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 3 times the return, up to a maximum gain of 14.7%.

Investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$9,869,720
Maturity:	Aug. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, subject to 14.7% maximum gain; 1% loss per 1% decline in index
Initial level:	2,648.05
Pricing date:	April 30
Settlement date:	May 3
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	78013Q640

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