RBC to price 18-month trigger jump securities tied to Symantec

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Royal Bank of Canada plans to price 0% trigger jump securities due April 2, 2019 linked to Symantec Corp. stock, according to an FWP filed with the Securities and Exchange Commission.

If the stock finishes at or above its initial price, the payout at maturity will be par of $10 plus 22%.

If the stock falls by up to 10%, the payout will be par.

If the stock finishes below its 90% trigger price, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Sept. 28.

The Cusip number is 78013F370.

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