New Issue: RBC prices $1.34 million PLUS with 3x leverage, cap linked to S&P 500

By Sarah Lizee

Olympia, Wash., April 16 – Royal Bank of Canada priced $1.34 million of 0% Performance Leveraged Upside Securities due Aug. 5, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain up to a maximum return of 12.9%.

Investors will be exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$1,340,500
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 12.9%; 1% loss per 1% decline
Initial level:	2,907.41
Pricing date:	April 12
Settlement date:	April 17
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78014H490

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