RBC to price barrier absolute return notes linked to iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Jan. 19 – Royal Bank of Canada plans to price 0% barrier absolute return notes due Jan. 31, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus the gain.

If the fund finishes at or below the initial level but never closes below the 74.5% to 77.5% barrier level during the life of the notes, the payout will be par plus the absolute value of the return.

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

RBC Capital Markets LLC is the agent.

The notes will price on Jan. 26.

The Cusip number is 78013XEA2.

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