RBC plans to price PLUS due 2020 linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, May 10 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Sept. 3, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 12.2%. Investors will lose 1% for every 1% that the index declines from its initial level.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as a dealer.

The notes will price May 15.

The Cusip number is 78014H664.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.