New Issue: RBC sells $931,000 buffered enhanced notes tied to iShares MSCI EAFE

By Susanna Moon

Chicago, Nov. 3 – Royal Bank of Canada priced $931,000 of 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 double any gain in the fund, up to a maximum return of 19.7%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$931,000
Maturity:	Oct. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 19.7%; par if fund falls by 10% or less; 1% loss per 1% decline beyond 10%
Initial price:	$69.02
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013GKM6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.