RBC plans trigger PLUS with cap due 2019 tied to SPDR S&P Oil

By Susanna Moon

Chicago, Jan. 18 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum payment of 122.05% of par.

If the fund falls by up to 20%, the payout will be par.

If the fund finishes below its 80% trigger level, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management as dealer.

The notes will price on Jan. 31 and settle on Feb. 5.

The Cusip number is 78013Q269.

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