New Issue: RBC prices $13.91 million trigger PLUS linked to basket of two indexes

By Toni Weeks

San Luis Obispo, Calif., Feb. 27 – Royal Bank of Canada priced $13.91 million of 0% trigger Performance Leveraged Upside Securities due March 1, 2018 linked to a basket comprised of the Euro Stoxx 50 index and the Topix index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 216% of any basket gain, subject to a maximum payment of $14.50 per $10.00 note.

Investors will receive par if the basket falls up to 10% and will be fully exposed to losses from the initial level if it drops more than 10%.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying basket:	Equal weights of Euro Stoxx 50 index and Topix index
Amount:	$13,913,000
Maturity date:	March 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 216% of gain in basket, with return capped at 45%; par if basket falls by up to 10%; par plus basket return with full exposure to losses if basket falls more than 10%
Initial levels:	3,541.78 for Euro Stoxx, 1,507.62 for Topix
Initial basket level:	100
Trigger level:	90% of initial basket level
Pricing date:	Feb. 25
Settlement date:	March 2
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	780082491

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