New Issue: RBC sells $468,000 absolute return buffered notes on EAFE ETF, Stoxx 50

By Marisa Wong

Morgantown, W.Va., April 16 – Royal Bank of Canada priced $468,000 of 0% absolute return buffered enhanced return notes due Sept. 30, 2022 linked to the worse performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus 219% of the return of the lesser performing underlying.

If the lesser performing underlying falls by up to 20%, the payout will be par plus the absolute value of the return of the lesser performing underlying.

If the lesser performing underlying falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing underlying beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Absolute return buffered enhanced return notes
Underlyings:	iShares MSCI EAFE ETF, Euro Stoxx 50 index
Amount:	$468,000
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 219% of any gain in lesser performing underlying; par plus absolute value of return of lesser performing underlying if it falls by up to 20%; otherwise, 1% loss per 1% decline of worse performing underlying beyond 20%
Initial levels:	$68.65 for ETF, 3,316.95 for index
Buffer levels:	$54.92 for ETF, 2,653.56 for index; 80% of initial level
Pricing date:	March 27
Settlement date:	March 29
Underwriter:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78013XHC5

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