New Issue: RBC prices $1.61 million PLUS with 3x leverage, cap linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – Royal Bank of Canada priced $1.61 million of 0% Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain up to a maximum return of 14.25%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$1,609,680
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 14.25%; 1% loss per 1% decline
Initial level:	1,574.605
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78014J429

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