RBC to price three-year buffered PLUS linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Feb. 4 – Royal Bank of Canada plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 15, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 28.7%.Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

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

The notes will price Feb. 12.

The Cusip number is 78013C641.

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