RBC plans to price PLUS due June 2017 tied to index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due June 28, 2017 linked to an unequally weighted basket containing two indexes and four exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index and the Euro Stoxx 50 index, each with a 25% weight, the Market Vectors Gold Miners ETF with a 15% weight, the iShares NASDAQ Biotechnology ETF with a 15% weight, the WisdomTree Japan Hedged Equity fund with a 10% weight and the WisdomTree India Earnings fund with a 10% weight.

If the final basket level is greater than or equal to the initial level, the payout will be par double the gain up to a maximum return of 7%. Investors will be fully exposed to any decline in the basket.

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

The notes will price Dec. 28.

The Cusip number is 78014E190.

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