New Issue: RBC prices $1.82 million buffered enhanced return notes linked to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – Royal Bank of Canada priced $1.82 million of 0% buffered enhanced return notes due Dec. 27, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of 15%. Investors will receive par if the ETF declines by 18.5% or less and will lose 1% for every 1% that the ETF may decline beyond 18.5%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$1,824,000
Maturity:	Dec. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of ETF return, subject to 15% maximum return; par if ETF declines by 18.5% or less; 1% loss for every 1% that ETF may decline beyond 18.5%
Initial share price:	$69.93
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XCK2

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