RBC to price PLUS linked to basket of two indexes, five funds

By Sarah Lizee

Olympia, Wash., July 17 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Dec. 30, 2020 linked to a basket of two indexes and five funds, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index with a 25% weight, the VanEck Vectors Gold Miners ETF, SPDR S&P Regional Banking ETF and Euro Stoxx 50 index with a 15% weight each, and the iShares MSCI Emerging Markets ETF, Industrial Select Sector SPDR fund and SPDR S&P Oil & Gas Exploration and Production ETF with a 10% weight each.

The payout at maturity will be par plus 200% of any basket gain, capped at par plus 11%.

Investors will lose 1% for each 1% decline.

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

The notes (Cusip: 78014K857) will price on July 21.

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