New Issue: RBC prices $2.61 million PLUS tied to Financial Select Sector SPDR fund

By Marisa Wong

Morgantown, W.Va., June 20 – Royal Bank of Canada priced $2.61 million of 0% Performance Leveraged Upside Securities due Sept. 21, 2017 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any fund gain, up to maximum return of 14.25%.

Investors will be fully exposed to any fund decline.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$2,605,400
Maturity:	Sept. 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any fund gain, up to maximum return of 14.25%; full exposure to any fund decline
Initial price:	$22.61
Pricing date:	June 17
Settlement date:	June 22
Agent:	RBC Capital Markets, LLC with distribution through Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	78014C285

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