RBC plans market-linked notes due 2017 tied to iShares MSCI EAFE

By Susanna Moon

Chicago, May 19 - Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 4, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 38% to 43%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% drop beyond 10%.

Wells Fargo Securities LLC is the agent.

The notes will price on May 30 and settle on June 4.

The Cusip number is 78010UYY7.

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