RBC plans to price buffered PLUS linked to Euro Stoxx 50 index

By Angela McDaniels

Tacoma, Wash., July 20 – Royal Bank of Canada plans to price 0% buffered Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 36%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

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

The notes will price July 31 and settle Aug. 5.

The Cusip number is 78013D433.

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