New Issue: RBC prices $4.87 million of trigger PLUS due 2019 tied to SPDR S&P Oil

By Susanna Moon

Chicago, Feb. 15 – Royal Bank of Canada priced $4.87 million of 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 a 424B2 filed with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus triple the return up to a maximum return of 22.05%.

If the fund falls by up to its 80% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$4,874,110
Maturity:	Aug. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any fund gain, capped at 22.05%; if fund falls by up to 20%, par; otherwise, 1% loss per 1% decline
Initial level:	$36.91
Trigger level:	$29.53, 80% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	RBC Capital Markets, LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	78013Q269

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