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Published on 2/8/2018 in the Prospect News Structured Products Daily.

New Issue: RBC sells $30.39 million partial principal at risk notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 8 – Royal Bank of Canada priced $30,390,770 of 0% equity-linked partial principal at risk securities due Feb. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 118% of any index gain.

If the index declines, investors will receive par plus the index return, subject to a minimum payout of $9 per security.

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

Issuer:Royal Bank of Canada
Issue:Equity-linked partial principal at risk securities
Underlying index:Euro Stoxx 50
Amount:$30,390,770
Maturity:Feb. 3, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.18 times any index gain; 1% loss for every 1% that index declines, up to maximum loss of 10%
Initial index level:3,606.29
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:3%
Cusip:78013Q152

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