New Issue: RBC prices $3.47 million trigger PLUS linked to iShares Japan fund

New York, Dec. 8 – Royal Bank of Canada priced $3.47 million of 0% Trigger Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the iShares MSCI Japan exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund’s return is positive, the payout at maturity will be par of $10 plus 150% of the fund’s return, subject to a maximum return of 33%. Investors will be receive par if the fund declines by up to 20% and will be fully exposed to losses if the fund finishes below the 80% trigger level.

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 fund: iShares MSCI Japan exchange-traded fund
Amount:	$3,474,050
Maturity:	Dec. 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 150% of any fund gain, capped at 33%; par if fund loses up to 20%; full exposure to any decline if fund finishes below 80% trigger level
Initial share price:	$12.39
Trigger price:	$9.91, 80% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	RBC Capital Markets, LLC with distribution through Morgan Stanley Wealth Management
Fees:	3%
Cusip:	78013C237

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