New Issue: RBC prices $1.44 million buffered enhanced return notes on MSCI World

By Sarah Lizee

Olympia, Wash., Oct. 1 – Royal Bank of Canada priced $1.44 million of 0% buffered enhanced return notes due Aug. 31, 2020 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112% of any index gain.

Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	MSCI World index
Amount:	$1.44 million
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112% of any index gain; investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%
Initial level:	2,189.31
Buffer level:	2,079.84, 95% of initial level
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013XH84

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