New Issue: RBC prices $1.08 million market-linked notes tied to iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., May 11 – Royal Bank of Canada priced $1.08 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 4, 2019 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 175% of any fund gain, up to a maximum return of 37%.

Investors will receive par if the fund falls by up to 15% and will be exposed to losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$1,079,000
Maturity:	Nov. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.75 times any fund gain, capped at 37%; par if fund falls by up to 15%; exposure to any losses beyond 15%
Initial price:	$58.43
Buffer price:	$49.6655, 85% of initial price
Pricing date:	April 29
Settlement date:	May 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.65%
Cusip:	78012KMN4

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