New Issue: RBC prices $1.34 million PLUS with 3x leverage, cap linked to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 4 – Royal Bank of Canada priced $1.34 million of 0% Performance Leveraged Upside Securities due May 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain up to a maximum return of 14.6%.

Investors will be exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$1,343,190
Maturity:	May 5, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 14.6%; 1% loss per 1% decline
Initial level:	3,481.44
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78014M598

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