RBC plans four-year trigger step notes tied to iShares MSCI EAFE ETF

New York, June 6 – Royal Bank of Canada plans to price 0% trigger step securities due June 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the step return, which will be 31% to 35%. The exact step return will be set at pricing.

Investors will receive par if the ETF falls by up to 25% and will be fully exposed to any losses if the ETF finishes below the 75% threshold level.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes will price on June 26 and settle on June 29.

The Cusip number is 78014G146.

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