New Issue: RBC prices $4.48 million of 0% buffered PLUS linked to MSCI EAFE ETF

By Tali Rackner

Norfolk, Va., Dec. 21 – Royal Bank of Canada priced $4.48 million of 0% buffered Performance Leveraged Upside Securities due Dec. 20, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than its initial level, the payout at maturity will be par of $10 plus 200% of the fund return, subject to a maximum payment of $13.25 per buffered PLUS.

Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that the fund declines beyond 10%.

RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI EAFE exchange-traded fund
Amount:	$4,481,810
Maturity:	Dec. 20, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any fund gain, capped at 32.5%; par if fund declines by up to 10%; full exposure to losses beyond 10%
Initial share price:	$59.73
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	RBC Capital Markets, LLC, with Morgan Stanley Wealth Management as distributor
Fees:	3%
Cusip:	78013C294

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