RBC to price two-year trigger jump securities tied to two stocks

By Sarah Lizee

Olympia, Wash., Aug. 22 – Royal Bank of Canada plans to price 0% trigger jump securities due Aug. 26, 2021 linked to the common stocks of Amazon.com, Inc. and Walt Disney Co., according to an FWP filed with the Securities and Exchange Commission.

If each stock finishes at or above its initial price, the payout at maturity will be par of $10 plus 46.3%.

If either stock falls by up to 30%, the payout will be par.

If either stock finishes below its 70% trigger price, investors will be fully exposed to any losses of the lesser performing stock.

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

The notes will price on Aug. 23.

The Cusip number is 78014J405.

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