New Issue: RBC prices $5.84 million uncapped trigger PLUS linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., March 6 – Royal Bank of Canada priced $5.84 million of 0% trigger Performance Leveraged Upside Securities due May 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 215% of the index gain.

If the index finishes flat or falls by no more than 35%, the payout will be par.

If the index finishes below the 65% trigger level, investors will be fully exposed to the index decline.

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 50
Amount:	$5,835,330
Maturity:	May 3, 2023
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 215% of any index gain; if index finishes flat or falls by no more than 35%, par; if index finishes below trigger level, full exposure to losses
Initial index level:	3,319.61
Trigger level:	2,157.75, 65% of initial level
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:	3.5%
Cusip:	78014E315

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.