RBC plans trigger performance notes on iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., June 3 – Royal Bank of Canada plans to price 0% trigger performance securities due June 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 162% to 172% of the fund return, with the exact participation rate to be set at pricing. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.

The notes (Cusip: 78013D227) are expected to price June 25 and settle June 30.

RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.

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