New Issue: RBC sells $2.94 million buffered enhanced return notes on EAFE ETF

By Sarah Lizee

Olympia, Wash., Feb. 27 – Royal Bank of Canada priced $2.94 million of 0% buffered enhanced return notes due Feb. 26, 2021 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 gain, up to a maximum payout of $1,200 for each $1,000 of notes.

Investors will receive par if the fund falls by up to 16.85% and will lose 1% for each 1% decline beyond 16.85%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$2,941,000
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain, capped at 20%; par if fund falls by 16.85% or less; 1% loss per 1% decline beyond 16.85%
Initial level:	$64.31
Buffer level:	$53.47, or 83.15% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XZK7

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