New Issue: RBC prices $4.56 million PLUS linked to oil S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – Royal Bank of Canada priced $4.56 million of 0% Performance Leveraged Upside Securities due Nov. 9, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 12.5%. If the index return is negative, investors will be exposed to the decline.

RBC Capital Markets LLC is the agent with Morgan Stanley Wealth Management acting as distributor.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$4,562,850
Maturity:	Nov. 9, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 12.5% maximum return; if index declines, full exposure to decline
Initial level:	2,126.41
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	RBC Capital Markets LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	78014C665

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