New Issue: RBC prices $11.48 million leveraged buffered index-linked notes tied to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., June 9 – Royal Bank of Canada priced $11.48 million of 0% leveraged buffered index-linked notes due June 8, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.42 times the index gain.

Investors will receive par if the index falls by up to 15% and will share in losses at a rate of 1.1765% per 1% drop beyond the 15% buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$11,475,000
Maturity:	June 8, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 142% of index gain; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial level:	3,267.05
Buffer level:	85% of initial level
Pricing date:	June 5
Settlement date:	June 12
Underwriter:	RBC Capital Markets, LLC
Fees:	3.5%
Cusip:	78010UZX8

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