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RBC plans autocallable trigger PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 4 – Royal Bank of Canada plans to price 0% autocallable Trigger Performance Leveraged Upside Securities due Feb. 16, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 20% if the index closes at or above the 120% premium threshold on the interim valuation date of Aug. 15, 2016.
If the index finishes above the initial level, the payout at maturity will be par plus 150% of any index gain.
If the index falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on Feb. 13 and settle on Feb. 19.
The Cusip number is 780082392.
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