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RBC plans to price leveraged buffered notes linked to MSCI EAFE
By Jennifer Chiou
New York, Feb. 12 – Royal Bank of Canada plans to price 0% leveraged buffered notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 17 and 20 months after pricing.
The payout at maturity will be par plus 1.4 times any index gain, subject to the maximum settlement amount, which is expected to be $1,184.80 to $1,214.20 for each $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
The Cusip is 78012KBM8.
RBC Capital Markets, LLC is the underwriter.
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