New Issue: RBC prices $5.12 million two-year trigger PLUS linked to Alibaba

By Wendy Van Sickle

Columbus, Ohio, June 19 – Royal Bank of Canada priced $5.12 million of 0% trigger Performance Leveraged Upside Securities due June 18, 2020 linked to Alibaba Group Holding Ltd. American Depositary Receipts, according to a 424B2 filing with the Securities and Exchange Commission.

If the shares finish at or above the initial level, the payout at maturity will be par of $10 plus 2 times the stock return, up to a maximum payout of par plus 42%.

If the stock falls by up to the 80% trigger level, the payout will be par plus.

Otherwise, investors will lose 1% for each 1% decline of the stock from its initial level.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying stock:	Alibaba Group Holding Ltd.
Amount:	$5,123,400
Maturity:	June 18, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If stock gains, par plus 200% of return, up to maximum payout of par plus 42%; if stock falls by up to trigger level, par; otherwise, 1% loss for each 1% decline of stock from initial level
Initial level:	$208.00
Trigger level:	$166.40, 80% of initial level
Pricing date:	June 15
Settlement date:	June 20
Agents:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78014G179

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