New Issue: RBC sells $610,690 PLUS linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 10 – Royal Bank of Canada priced $610,690 of 0% Performance Leveraged Upside Securities due Sept. 6, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 300% of the index gain, up to $11.585 per $10 PLUS. Investors will be fully exposed to any index decline.

Morgan Stanley & Co. LLC is the agent. RBC Capital Markets, LLC is a dealer.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$610,690
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to $11.585 per $10 PLUS; full exposure to any index decline
Initial level:	2,224.63
Pricing date:	May 14
Settlement date:	May 19
Agent:	Morgan Stanley & Co. LLC
Dealer:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78014M879

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