New Issue: RBC prices $2.71 million leveraged upside participation notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Royal Bank of Canada priced $2.71 million of 0% leveraged upside participation with a fixed percentage buffered downside – market-linked notes due Sept. 5, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 177% of the gain.

If the index falls by up to 40%, the payout will be par.

If the index falls by more than 40%, investors will lose 1% for every 1% decline beyond the 40% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation with a fixed-percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$2,705,000
Maturity:	Sept. 5, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 177% of the gain; if the index falls by up to 40%, par; if the index falls by more than 40%, 1% loss for every 1% drop beyond 40%
Initial level:	4,382.47
Threshold level:	2,629.482, 60% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Wells Fargo Securities, LLC
Fees:	3.325%
Cusip:	78016N3K1

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