New Issue: RBC sells $5.25 million buffer digital return notes tied to iShares MSCI EAFE

By Devika Patel

Knoxville, Tenn., March 9 – Royal Bank of Canada priced $5.25 million of 0% buffer digital return securities due April 12, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its 90% digital barrier level, the payout at maturity will be par plus the digital return of 13.7%.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

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

Issuer:	Royal Bank of Canada
Issue:	Buffer digital return securities
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$5.25 million
Maturity:	April 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If fund closes at or above 90% digital barrier, par plus 13.7%; otherwise, 1% loss for each 1% decline beyond 10%
Initial price:	$60.31
Digital barrier:	$54.28, 90% of initial price
Pricing date:	March 8
Settlement date:	March 13
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1%
Cusip:	78014E497

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