RBC to price market-linked securities tied to iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., June 6 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 3, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Wells Fargo Securities LLC is the agent.

If the fund return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum payout of $1,380 to $1,430 per $1,000 principal amount. The exact maximum payment will be determined at pricing.

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

The notes (Cusip: 78010UC70) will price June 30 and settle July 3.

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