Royal Bank of Canada plans PLUS linked to iShares China Large-Cap ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 13 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Jan. 5, 2017 linked to the iShares China Large-Cap exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus 300% of the gain, up to a maximum return of 25%.

Investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is the distributor.

The notes will price on Nov. 30 and settle on Dec. 3.

The Cusip number is 78013C211.

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