New Issue: RBC prices $2.23 million buffered enhanced return notes on MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., April 5 - Royal Bank of Canada priced $2.23 million of 0% buffered enhanced return notes due Feb. 17, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum settlement amount of $1,195 per $1,000 principal amount.

Investors will receive par if the index falls by up to 17.5% and will lose 1.2121% for each 1% decline beyond 17.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	MSCI EAFE
Amount:	$2,234,000
Maturity:	Feb. 17, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, return capped at 19.5%; par if index falls by 17.5% or less; 1.2121% loss for every 1% decline beyond 17.5%
Initial index level:	1,675.97
Buffer level:	82.5% of initial level
Pricing date:	April 3
Settlement date:	April 10
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78008SJ72

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