New Issue: RBC prices $6.3 million trigger PLUS notes linked to Russell

By Kiku Steinfeld

Chicago, Oct. 17 – Royal Bank of Canada priced $6.3 million of 0% trigger Performance Leveraged Upside Securities due Oct. 5, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 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.

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Russell 2000 index
Amount:	$6,300,170
Maturity:	Oct. 5, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at par plus 22.6%; par if index falls by up to 15% of initial level; if index finishes below trigger level, full exposure to losses of the index if it finishes below trigger level
Initial level:	1,523.373
Trigger level:	1,294.867 or 85% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	78014J454

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