New Issue: RBC prices $10.95 million leveraged buffered notes linked to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, May 3 – Royal Bank of Canada priced $10.95 million of leveraged buffered notes due July 3, 2018 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 150% of any index gain up to a maximum settlement of between $1,250.50 for each $1,000 note.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% that the index falls below 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$10.95 million
Maturity:	July 3, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 540% of gain, subject to maximum settlement of $1,250.50 per $1,000 note; par if index falls by up to 20%; 1.25% loss for every 1% decline in index beyond 20%
Initial index level:	1,698.26
Pricing date:	April 28
Settlement date:	May 5
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KNQ6

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