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RBC plans buffered enhanced return notes due 2015 linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., April 3 - Royal Bank of Canada plans to price 0% buffered enhanced return notes due 2015 linked to the MSCI EAFE index, according to a 424B2 with the Securities and Exchange Commission.
The notes will mature about 23 to 25 months after pricing.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum payment of $1,210 to $1,255 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 17.5% and will lose 1.2121% for each 1% decline beyond 17.5%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78008SJ72.
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