RBC plans to price trigger PLUS due 2021 tied to Russell

By Sarah Lizee

Olympia, Wash., Sept. 17 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 5, 2021 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 200% of any index gain, capped at par plus 22.6%.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below its 85% trigger level.

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

The notes will price on Sept. 30.

The Cusip is 78014J454.

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