New Issue: RBC prices $8.46 million trigger PLUS due 2019 tied to Stoxx Banks

By Susanna Moon

Chicago, May 24 – Royal Bank of Canada priced $8.46 million of 0% trigger Performance Leveraged Upside Securities due Nov. 21, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain up to a maximum return of 40%.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below its 80% trigger level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx Banks index
Amount:	$8,456,300
Maturity:	Nov. 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 40%; if index falls by up to 20%, par; otherwise, 1% loss per 1% decline
Initial level:	126.54
Trigger level:	101.23, 80% of initial level
Pricing date:	May 16
Settlement date:	May 21
Agent:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78013Q715

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