New Issue: RBC prices $3 million buffered PLUS tied to Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Royal Bank of Canada priced $3 million of 0% buffered Performance Leveraged Upside Securities due Dec. 24, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain up to a maximum payout of $14.20 per $10 PLUS.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.

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

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$3 million
Maturity:	Dec. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain up to maximum payment of $14.20 per $10 PLUS; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
Buffer level:	2,250.458, 85% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	2.5%
Cusip:	78014G880

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