RBC plans leveraged buffered equity index-linked notes on MSCI EAFE

By Jennifer Chiou

New York, Dec. 1 - Royal Bank of Canada plans to price 0% leveraged buffered equity index-linked notes tied to the MSCI EAFE index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The maturity is expected to be between 18 and 21 months after issue.

If the index return is positive, the payout at maturity will be par plus double the index gain, subject to a maximum payment that is expected to be between $1,170 and $1,200 per note.

Investors will receive par if the index falls by up to 15% and will share in losses at a rate of 1.1765% per 1% decline beyond 15%.

The exact deal terms will be set at pricing.

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