New Issue: RBC prices $1.23 million buffered enhanced return notes linked to S&P, Nasdaq

By William Gullotti

Buffalo, N.Y., Jan. 17 – Royal Bank of Canada priced $1.23 million of 0% buffered enhanced return notes due July 16, 2024 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index return is positive, the payout at maturity will be par plus 200% of the return, capped at par plus 30%. Investors will receive par if the lesser-performing index declines by 5% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 5%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index
Amount:	$1,234,000
Maturity:	July 16, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 200% of lesser-performing index return, capped at par plus 30%; par if index declines by 5% or less; 1% loss for every 1% that lesser-performing index declines beyond 5%
Initial levels:	3,969.61 for S&P, 11,402.52 for Nasdaq
Buffer levels:	3,771.13 for S&P, 10,832.39 for Nasdaq; 95% of initial levels
Pricing date:	Jan. 11
Settlement date:	Jan. 17
Selling agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016HN63

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