New Issue: RBC prices $204,000 leveraged buffered notes tied to iShares MSCI EM

By Marisa Wong

Madison, Wis., June 3 – Royal Bank of Canada priced $204,000 of 0% leveraged buffered notes due Oct. 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any fund gain, up to the maximum settlement amount of $1,193.70 for each $1,000 principal amount.

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

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$204,000
Maturity:	Oct. 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any fund gain, up to maximum settlement amount of $1,193.70 for each $1,000 principal amount; par if fund falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial price:	$41.49
Pricing date:	May 28
Settlement date:	June 4
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KEK9

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