New Issue: RBC sells $1.37 million trigger jump securities on Stoxx 50

Chicago, March 30 – Royal Bank of Canada priced $1.37 million of 0% trigger jump securities due April 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the return and the upside payment of 24%.

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

If the index finishes below its 90% downside threshold, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Royal Bank of Canada
Issue:	Trigger jump securities
Underlying index:	Euro Stoxx 50
Amount:	$1,372,100
Maturity:	April 5, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index gains, par plus the greater of the return and 24%; if the index falls by up to 10%, par; if the index finishes below its 90% downside threshold, full exposure to any losses
Initial level:	2,586.02
Trigger level:	2,327.42, 90% of initial level
Pricing date:	March 13
Settlement date:	March 18
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	2.5%
Cusip:	78014K600

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