RBC aims to sell dual directional trigger PLUS tied to Facebook stock

By Devika Patel

Knoxville, Tenn., Dec. 12 – Royal Bank of Canada plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 3, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the stock return, subject to a maximum payout of $12.675 per PLUS.

If the final share price is less than or equal to the initial share price but greater than or equal to the trigger share price, 80% of the initial level, the payout will be par plus the absolute value of the stock return.

If the final share price is less than the trigger share price, investors will lose 1% for each 1% decline.

RBC Capital Markets, LLC is the agent.

The notes (Cusip: 78014C871) will price on Dec. 14 and settle three business days after pricing.

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