New Issue: RBC sells $735,000 leveraged buffered notes linked to MSCI EAFE

By Sarah Lizee

Olympia, Wash., May 24 – Royal Bank of Canada priced $735,000 of 0% leveraged buffered notes due Sept. 23, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,150 for each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$735,000
Maturity:	Sept. 23, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any index gain, subject to maximum settlement amount of $1,150; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,053.91
Pricing date:	May 22
Settlement date:	May 30
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XKZ0

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