New Issue: RBC prices $207,000 of leveraged buffered notes linked to MSCI EM fund

By Devika Patel

Knoxville, Tenn., Feb. 26 – Royal Bank of Canada priced $207,000 of 0% leveraged buffered notes due April 27, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.6 times any fund gain, up to maximum settlement amount of $1,384 per $1,000 of notes.

Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets exchange-traded fund
Amount:	$207,000
Maturity:	April 27, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.6 times any fund gain, capped at $1,384 per $1,000 of notes; par if fund declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
Initial level:	$33.99
Pricing date:	Feb. 24
Settlement date:	March 2
Agents:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KLN5

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