RBC plans PLUS due 2018 with leverage, 29.2% cap tied to SPDR S&P Oil

By Susanna Moon

Chicago, Feb. 14 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any gain in the fund, up to a maximum return of 29.2%.

Investors will be exposed to any losses.

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

The notes will price on Feb. 28 and settle on March 3.

The Cusip number is 78014E380.

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