RBC plans buffered enhanced return notes linked to MSCI EAFE index

By Marisa Wong

Madison, Wis., Nov. 16 - Royal Bank of Canada plans to price 0% buffered enhanced return notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 24 and 27 months after pricing.

The payout at maturity will be par plus 110% of any gain in the index, up to a maximum settlement amount of $1,275 to $1,297 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

The Cusip number is 78008SQX7.

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