New Issue: RBC prices $3.36 million PLUS linked to oil & gas ETF

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Royal Bank of Canada priced $3.36 million of 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. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Royal Bank of Canda
Issue:	Performance Leveraged Upside Securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$3,364,700
Maturity:	Jan. 5, 2017
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than initial share price, par plus 300% of fund return, subject to 36% maximum return; if final share price is less than the initial share price, investors have one-to-one exposure to decline
Initial share price:	$32.84
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	78013D722

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