RBC plans to price buffered notes linked to MSCI EAFE index

By Toni Weeks

San Luis Obispo, Calif., June 7 - Royal Bank of Canada plans to price 0% buffered MSCI EAFE index-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 36 to 37 months after pricing.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum payment of $1,380 to $1,420 per $1,000 principal amount of notes. Investors will receive par if the index drops by up to 20% and will lose 1.25% for every 1% index decline beyond the 20% buffer.

RBC Capital Markets, LLC is the underwriter.

The Cusip number is 78008S2N5.

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