RBC pushes back pricing of six-month PLUS tied to S&P 500 by two days

By Susanna Moon

Chicago, Jan. 4 – Royal Bank of Canada delayed pricing of its 0% Performance Leveraged Upside Securities due July 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes now will price on Jan. 6, pushed back from Jan. 4.

The payout at maturity will be par plus 200% of any index gain, up to a cap of 6%.

Investors will be exposed to any losses.

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

The Cusip number is 78013C484.

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