New Issue: RBC prices $2.18 million levered market plus notes on S&P MidCap 400

By Toni Weeks

San Luis Obispo, Calif., Dec. 1 – Royal Bank of Canada priced $2.18 million of 0% leveraged market plus notes due Nov. 29, 2019 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.105 times any index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.

RBC Capital Markets, LLC is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:	Royal Bank of Canada
Issue:	Levered market plus notes
Underlying index:	S&P MidCap 400
Amount:	$2,175,000
Maturity:	Nov. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.105 times any index gain; par if index falls by 25% or less; full exposure to any losses if index finishes below barrier level
Initial level:	1,453.92
Barrier level:	1,090.44, 75% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 28
Underwriter:	RBC Capital Markets, LLC
Placement agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	78010U6A0

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