I’m officially stumped.
I was forwarded a sample taken from the cover a print piece from the early 1970s. These initials are paired with lowercase letters that resemble Primadonna (or some very similar disconnected script) and a subtitle set in Lydian. Overall a very 1950s vibe, yet published in 1974.
I’ve already consulted Daylight Fonts, Solotype, Fonts in Use, and a few other sources, but have come up empty.