New Issue: RBC prices $709,000 bullish barrier notes linked to WisdomTree Japan

By Angela McDaniels

Tacoma, Wash., June 18 – Royal Bank of Canada priced $709,000 of 0% bullish barrier notes due Dec. 21, 2017 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus the fund return, subject to a maximum return of 40.5%. If the fund return is between zero and negative 25%, the payout will be par. If the fund return is less than negative 25%, investors will lose 1% for every 1% that the final share price is less than the initial share price.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier notes
Underlying ETF:	WisdomTree Japan Hedged Equity Fund
Amount:	$709,000
Maturity:	Dec. 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus fund return, subject to maximum return of 40.5%; if fund return is between zero and negative 25%, par; if fund return is less than negative 25%, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$48.94
Barrier level:	$36.71, 75% of initial share price
Pricing date:	June 16
Settlement date:	June 19
Underwriter:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78010UC96

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