Matched | in original source. Moving these within {{/if}} should be another PR.

Author: Douglas Radburn

app/code/Magento/Customer/etc/config.xml

@@ -86,12 +86,11 @@ T: {{var telephone}}
 {{depend street2}}{{var street2}}|{{/depend}}
 {{depend street3}}{{var street3}}|{{/depend}}
 {{depend street4}}{{var street4}}|{{/depend}}
-
-{{if city}}{{var city}},{{/if}}{{if region}}{{var region}}, {{/if}}{{if postcode}}{{var postcode}}|{{/if}}
+{{if city}}{{var city}}, {{/if}}{{if region}}{{var region}}, {{/if}}{{if postcode}}{{var postcode}}{{/if}}|
 {{var country}}|
 {{depend telephone}}T: {{var telephone}}|{{/depend}}
-{{depend fax}}F: {{var fax}}|{{/depend}}
-{{depend vat_id}}VAT: {{var vat_id}}|{{/depend}}]]></pdf>
+{{depend fax}}F: {{var fax}}|{{/depend}}|
+{{depend vat_id}}VAT: {{var vat_id}}{{/depend}}|]]></pdf>
             </address_templates>
         </customer>
     </default>