RBC plans two-year buffered enhanced return notes on iShares MSCI EAFE

By Susanna Moon

Chicago, Oct. 18 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Oct. 31, 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 150% of any fund gain, up to a maximum return of 15%.

Investors will receive par if the fund falls by up to the 17% to 20% buffer and will lose 1% for every 1% decline beyond the buffer, with the exact percentage to be set at pricing.

RBC Capital Markets, LLC is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 78013GKK0.

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