By Jennifer Chiou
New York, Nov. 5 – Royal Bank of Canada priced $1.94 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 6, 2018 linked to the iShares MSCI EAFE ETF with a 75% weight and the iShares MSCI Emerging Markets ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the basket, up to a maximum return of $1,420 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% beyond 10%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Market-linked securities
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| Underlying ETFs: iShares MSCI EAFE ETF (75% weight) and iShares MSCI Emerging Markets ETF (25% weight)
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| Amount: | $1.94 million
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| Maturity: | Aug. 6, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, capped at 42%; par for losses up to 10%; 1% loss for every 1% decline beyond buffer level
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.49%
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| Cusip: | 78010U3V7
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