New Issue: RBC prices $1.28 million buffered enhanced return notes on MSCI EAFE

By Susanna Moon

Chicago, April 29 - Royal Bank of Canada priced $1.28 million of 0% buffered return notes due May 29, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of $1,277.50 for each $1,000 principal amount.

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

RBC Capital Markets, LLC is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	MSCI EAFE
Amount:	$1,284,000
Maturity:	May 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 27.75%; par if index declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
Initial index level:	1,728.51
Pricing date:	April 25
Settlement date:	May 2
Underwriter:	RBC Capital Markets, LLC
Placement agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	78008SS31

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