New Issue: RBC sells $2.71 million of leveraged buffered notes tied to MSCI EAFE

By Devika Patel

Knoxville, Tenn., Jan. 30 – Royal Bank of Canada priced $2.71 million of 0% leveraged buffered notes due Nov. 9, 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 amount of $1,232.50 per $1,000 of notes.

Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% decline in the index beyond 12.5% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$2,705,000
Maturity:	Nov. 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of the gain, subject to $1,232.50 cap; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5% buffer
Initial index level:	1,741.71
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Agents:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KYW1

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