New Issue: RBC prices $3.94 million of market-linked autocallables with buffer tied to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 7 – Royal Bank of Canada priced $3.94 million of 0% autocallable market-linked securities with fixed percentage buffered downside due July 6, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 7.5% per year if the index closes at or above its initial level on any semiannual call date after one year.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable market-linked securities with fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$3,941,000
Maturity:	July 6, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par unless index finishes below buffer level, in which case full exposure to losses
Call:	At par plus a call premium of 7.5% per year if the index closes at or above its initial level on any semiannual call date after one year
Initial level:	2,864.74
Buffer level:	2,578.266, 90% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agent:	Wells Fargo Securities, LLC
Fees:	2.325%
Cusip:	78012KPU5

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