New Issue: RBC prices $2.99 million buffered PLUS on MSCI Emerging Markets index

By Jennifer Chiou

New York, Jan. 2 – Royal Bank of Canada priced $2,987,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 29, 2015 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 13%.

Investors will receive par for losses up to 7.5% and will share in any losses beyond 7.5%.

RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management as distributor.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	MSCI Emerging Markets
Amount:	$2,987,000
Maturity:	Dec. 29, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, return capped at 13%; par for losses up to 7.5%; exposure to losses beyond 7.5%
Initial level:	954.58
Pricing date:	Dec. 30
Settlement date:	Jan. 6
Underwriter:	RBC Capital Markets, LLC
Fees:	0.15%
Cusip:	780082145

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