New Issue: RBC prices $8.16 million leveraged buffered index-linked notes tied to MSCI EAFE

By William Gullotti

Buffalo, N.Y., June 13 – Royal Bank of Canada priced $8.16 million of 0% leveraged buffered index-linked notes due July 12, 2024 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 180% of the gain, up to a maximum payout of par plus 17.46%.

If the index finishes flat or falls by up to 12.5%, investors will receive par. Otherwise, investors will lose 1.1429% for every 1% decline beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE
Amount:	$8,155,000
Maturity:	July 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 180% of index gain, capped at par plus 17.46%; if index finishes flat or falls by up to 12.5%, par; 1.1429% loss for every 1% decline beyond 12.5%
Initial index levels:	2,080.91
Buffer level:	87.5%
Pricing date:	May 26
Settlement date:	June 5
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016NCN5

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