RBC plans six-year trigger PLUS with no cap linked to Euro Stoxx 50

By Susanna Moon

Chicago, Jan. 27 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due March 3, 2023 linked to the Euro Stoxx 50 index, according to an FWP filed 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 215% of the gain.

If the index falls but finishes at or above the 65% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

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

The notes will price on Feb. 28 and settle on March 3.

The Cusip number is 78014E315.

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