By Susanna Moon
Chicago, June 1 - Royal Bank of Canada priced $3.49 million of 0% growth securities - leveraged upside participation to a cap and fixed percentage buffered downside due June 4, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Wells Fargo Securities, LLC is the agent.
The payout at maturity will be par plus 1.75 times any gain in the fund, up to a maximum return of 28%.
Investors will receive par if the shares fall by up to 10% and will be exposed to losses beyond the 10% buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Growth securities - leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $3,486,000
|
| Maturity: | June 4, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 175% of any fund gain, capped at 28%; par if fund falls by up to 10%; exposure to losses beyond 10%
|
| Initial share price: | $47.56
|
| Buffer level: | $42.80, 90% of initial price
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.75%
|
| Cusip: | 78008T6S8
|
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