New Issue: RBC prices $2.95 million Buffered PLUS due 2019 linked to S&P 500

By Devika Patel

Knoxville, Tenn., Feb. 17 – Royal Bank of Canada priced $2,953,600 of 0% Buffered Performance Leveraged Upside Securities due Feb. 15, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, up to a maximum return of 13%.

Investors will receive par if the index falls by up to 10% and will be exposed to any index decline beyond 10%.

RBC Capital Markets LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,953,600
Maturity:	Feb. 15, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 13%; par if index falls by up to 10%; exposure to declines beyond 10%
Initial level:	1,864.78
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013C641

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