RBC plans 0% buffered equity notes linked to MSCI EAFE via Goldman

By Jennifer Chiou

New York, March 1 - Royal Bank of Canada plans to price 0% buffered equity index-linked notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs & Co. is the underwriter.

The notes will mature between 15 and 17 months after issue.

The payout at maturity will be par plus any index gain, up to a maximum settlement amount of between $1,137.50 and $1,160 per $1,000 principal amount. The exact cap will be set at pricing.

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

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