New Issue: RBC prices $1.18 million buffered enhanced return notes on iShares EAFE

By Susanna Moon

Chicago, March 13 – Royal Bank of Canada priced $1.18 million of 0% buffered enhanced return notes due Feb. 28, 2020 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 1.5 times any fund gain, up to a maximum return of 15%.

Investors will receive par if the fund falls by up to 23.25% 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:	$1,176,000
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at 15%; par if fund declines by 23.25% or less; 1% loss per 1% decline beyond 23.25%
Initial share price:	$71.34
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XFW3

© 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.