New Issue: Royal Bank prices $1.54 million PLUS linked to Euro Stoxx 50

New York, Dec. 20 – Royal Bank of Canada priced $1.54 million of 0% PLUS due April 3, 2025 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 plus 300% of the index return subject to a maximum return of par plus 23.6%. Investors will lose 1% for every 1% that it declines.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.

Issuer:	Royal Bank of Canada
Issue:	PLUS
Underlying index:	Euro Stoxx 50 index
Amount:	$1.54 million
Maturity:	April 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return subject to a maximum return of par plus 23.6%; 1% loss for every 1% that index declines
Initial level:	4,549.44
Upside leverage:	300%
Cap:	23.6%
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	RBC Capital Markets, LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2.25% including a structuring fee of 0.5%
Cusip:	78017F2M4

© 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.