RBC intends to price PLUS linked to the Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due March 5, 2018 linked to the Euro Stoxx 50 index, according to an FWP 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 payout of $12.33 per PLUS. Investors will lose 1% for each 1% decline.

RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes (Cusip: 78014C822) will price on Nov. 30 and settle on Dec. 5.

© 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.