New Issue: RBC prices $4.83 million 8.25% geared buffered notes on iShares MSCI EAFE, S&P

By Wendy Van Sickle

Columbus, Ohio, June 13 – Royal Bank of Canada priced $4.83 million of 8.25% geared buffered notes due June 6, 2024 linked to the worst performing of the iShares MSCI EAFE ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either asset finishes below its buffer level, 80% of the initial price, in which case investors will lose 1.25% for every 1% decline of the worst performing asset beyond the 20% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered notes
Underlying assets:	iShares MSCI EAFE ETF, S&P 500 index
Amount:	$4,825,000
Maturity:	June 6, 2024
Coupon:	8.25% annualized, payable monthly
Price:	Par
Payout at maturity:	Par unless either asset falls below buffer level, in which case investors will lose 1.25% for every 1% decline of worst performing asset beyond 20%
Initial levels:	$71.72 for iShares MSCI EAFE, 4,221.02 for S&P
Buffer levels:	$57.38 for iShares MSCI EAFE, 3,376.82 for S&P; 80% of initial levels
Pricing date:	June 2
Settlement date:	June 7
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016NGD3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.