RBC plans to price 15-month PLUS linked to Alerian MLP ETF

By Marisa Wong

Morgantown, W.Va., June 28 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Oct. 3, 2018 linked to the Alerian MLP exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 35.5%.

Investors will be exposed to any losses.

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

The securities will price on June 30.

The Cusip number is 78014E877.

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