New Issue: RBC prices $375,000 buffered return notes linked to Nasdaq-100 index

By Kiku Steinfeld

Chicago, Sept. 15 – Royal Bank of Canada priced $375,000 of 0% buffered return notes due March 8, 2028 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 88.25%.

If the final index level is less than or equal to the initial index level but greater than or equal to the buffer level, 80% of the initial index level, the payout will be par.

If the final index level is less than the buffer level, investors will lose 1% for every 1% that the index declines beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying index:	Nasdaq-100 index
Amount:	$375,000
Maturity:	March 8, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to maximum return of 88.25%; if final index level is less than or equal to initial index level but greater than or equal to buffer level, par; if final index level is less than buffer level, 1% loss for every 1% that index declines beyond 20%
Initial level:	12,290.81
Buffer level:	9,832.65, or 80% of initial level
Pricing date:	March 3, 2023
Settlement date:	March 8, 2023
Agent:	RBC Capital Markets, LLC
Fees:	4.25%
Cusip:	78016HTX8

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