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RBC plans six-month PLUS linked to three indexes, three ETFs
New York, June 19 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2019 linked to a basket made up of three indexes and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will include the Russell 3000 Value index with a 25% weight and the Euro Stoxx 50 index, the Euro Stoxx Banks index, the VanEck Vectors Gold Miners exchange-traded fund, the Consumer Staples Select Sector SPDR fund and the iShares U.S. Telecommunications exchange-traded fund, all with a 15% weight.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payment of $10.58 per PLUS.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on June 29 and settle on July 5.
The Cusip number is 78014G203.
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