RBC plans trigger PLUS due 2018 linked to Euro Stoxx 50, Topix

By Jennifer Chiou

New York, Feb. 13 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due February 2018 linked to equal weights of the Euro Stoxx 50 index and the Topix index, according to an FWP with the Securities and Exchange Commission.

If the basket finishes above the initial level, the payout at maturity will be par plus at least 216% of the gain, capped at 45%.

Investors will receive par for losses up to 10% and will be fully exposed to losses if the basket falls beyond 10%.

The notes (Cusip: 780082491) will price on Feb. 24.

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

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