New Issue: RBC prices $8.89 million of trigger PLUS with cap linked to Stoxx Banks

By Susanna Moon

Chicago, Oct. 5 – Royal Bank of Canada priced $8.89 million of 0% trigger Performance Leveraged Upside Securities due Jan. 2, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain up to a maximum return of $12.19 per PLUS.

If the index falls by up to 20%, the payout will be par.

If the index finishes below the 80% trigger level, investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx Banks
Amount:	$8,885,000
Maturity:	Jan. 2, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 200% of any index gain, capped at 21.9%; if index falls by up to 20%, par; if index finishes below trigger, 1% loss per 1% decline
Initial index level:	137.23
Trigger level:	109.78, 80% of initial level
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:	1.75%
Cusip:	78013F362

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