New Issue: RBC prices $1.66 million jump securities linked to oil ETF

By Sarah Lizee

Olympia, Wash., July 8 – Royal Bank of Canada priced $1.66 million of 0% jump securities due July 1, 2022 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above the initial level, the payout at maturity will be par plus the upside payment of 55.25%. If the ETF finishes below the initial level, investors will be fully exposed to the decline.

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

Issuer:	Royal Bank of Canada
Issue:	Jump securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,656,500
Maturity:	July 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above the initial level, par plus 55.25%; if the ETF finishes below the initial level, investors will be fully exposed to the decline
Initial level:	$27.25
Pricing date:	June 28
Settlement date:	July 3
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	78014J132

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