New Issue: RBC prices $1.3 million PLUS linked to Russell

By Sarah Lizee

Olympia, Wash., Jan. 23 – Royal Bank of Canada priced $1.3 million of 0% Performance Leveraged Upside Securities due May 5, 2021 linked to the Russell 2000 index, according to a 424B2 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 14.1%. If the index return is negative, investors will be exposed to the decline.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$1,296,380
Maturity:	May 5, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to 14.1% maximum return; if index return is negative, exposure to decline
Initial level:	1,699.635
Pricing date:	Jan. 17
Settlement date:	Jan. 23
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	78014K246

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