New Issue: RBC prices $2.45 million leveraged buffered index-linked notes tied to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 17 – Royal Bank of Canada priced $2.45 million of 0% leveraged buffered index-linked notes due July 23, 2024 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum payout of $1,198 per $1,000 principal amount of notes.

If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1.1111% for every 1% decline beyond 10% of its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE
Amount:	$2.45 million
Maturity:	July 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 3 times index gain, capped at $1,198 per $1,000 principal amount of notes; if index finishes flat or falls by up to 10%, par; 1.1111% loss for every 1% decline beyond 10%
Initial index levels:	2,024.38
Pricing date:	March 13
Settlement date:	March 20
Agent:	RBC Capital Markets, LLC
Fees:	1.04%
Cusip:	78016HV64

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