RBC plans absolute return buffered notes on iShares EAFE, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 20 – Royal Bank of Canada plans to price 0% absolute return buffered securities due Aug. 26, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 210% to 220% of any gain of the lower-performing asset.

If the lower-performing asset falls by up to 20%, the payout will be par plus the absolute value of that asset’s return.

Otherwise, investors will lose 1% for every 1% decline of the lower-performing asset beyond 20%.

RBC Capital Markets, LLC is the agent.

The notes will price on Feb. 23.

The Cusip number is 78013XEW4.

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