New Issue: RBC prices $6.77 million buffered PLUS linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 22 – Royal Bank of Canada priced $6.77 million of 0% buffered Performance Leveraged Upside Securities due July 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return, up to a maximum return of 44.25%. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% that it declines beyond 10%.

RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$6,771,780
Maturity:	July 21, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 150% of any index gain, capped at 44.25%; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial index level:	3,164.21
Pricing date:	July 18
Settlement date:	July 23
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	3%
Cusip:	78011Q840

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