RBC plans PLUS tied to SPDR S&P Oil & Gas Exploration & Production

By Marisa Wong

Morgantown, W.Va., Sept. 15 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Jan. 5, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return of 36%. If the final share price is less than the initial share price, investors will have one-to-one exposure to the decline.

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

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 78013D722.

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