New Issue: RBC prices $1.31 million buffered PLUS on iShares Global Clean Energy ETF

By Kiku Steinfeld

Chicago, Aug. 13 – Royal Bank of Canada priced $1.31 million of 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2024 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of $11.80 per security. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond the 10% buffer.

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

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying ETF:	iShares Global Clean Energy ETF
Amount:	$1,306,660
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, capped at $11.80 per security; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10% buffer
Initial level:	$22.10
Buffer level:	90% of initial level
Pricing date:	July 16
Settlement date:	July 21
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as distributor
Fees:	3%
Cusip:	78014U319

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