New Issue: RBC prices $4.44 million dual direction trigger jump notes on Stoxx 50

By Susanna Moon

Chicago, Dec. 18 – Royal Bank of Canada priced $4.44 million of 0% dual directional trigger jump securities due June 11, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing 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 the greater of the return and 24.4%.

If the index falls by up to its 80% trigger level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Dual directional trigger jump securities
Underlying index:	Euro Stoxx 50
Amount:	$4,442,400
Maturity:	June 11, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of return and 24.4%; if index falls by up to trigger, par plus absolute return; otherwise, 1% loss for each 1% decline
Initial index level:	3,561.57
Trigger level:	2,849.26, 80% of initial level
Pricing date:	Dec. 6
Settlement date:	Dec. 11
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	78013F818

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