By Marisa Wong
Morgantown, W.Va., March 6 – Royal Bank of Canada priced $5.06 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial fund level, the payout at maturity will be par of $10 plus 300% of the fund gain, capped at $12.92 per PLUS.
Investors will be fully exposed to any fund decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Royal Bank of Canada
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $5,061,340
|
| Maturity: | June 5, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at $12.92 per PLUS; full exposure to any fund decline
|
| Initial price: | $27.86
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 3
|
| Agent: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 78014E380
|
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