New Issue: RBC sells $1.93 million buffered bullish enhanced notes on MSCI EAFE

By Devika Patel

Knoxville, Tenn., Dec. 10 – Royal Bank of Canada priced $1.93 million of 0% buffered bullish enhanced return notes due Dec. 5, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain capped at a maximum payout of 161.5% of par.

Investors will receive par if the fund falls by up to 10% and will be exposed to losses beyond 10%.

RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying fund: iShares MSCI EAFE exchange-traded fund
Amount:	$1.93 million
Maturity:	Dec. 5, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any fund gain, capped at par plus 61.5%; par if fund falls by up to 10%; exposure to any losses beyond 10%
Initial level:	$60.65
Buffer level:	$54.59, 90% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agents:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KJU2

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