New Issue: RBC sells $5.28 million buffered enhanced return notes on ETF basket

Chicago, May 13 – Royal Bank of Canada priced $5.28 million of buffered enhanced return notes due Nov. 12, 2020 linked to a basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Energy Select Sector SPDR f und with a 40% weight, the Industrial Select Sector SPDR fund with a 40% weight and the Technology Select Sector SPDR fund with a 20% weight.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket gain, subject to a maximum payment of par plus 12.6%. Investors will receive par if the basket falls by up to 15% and lose 1% for every 1% decline beyond 15%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	Energy Select Sector SPDR f und with a 40% weight, the Industrial Select Sector SPDR fund with a 40% weight and the Technology Select Sector SPDR fund with a 20% weight
Amount:	$5,279,000
Maturity:	Nov. 12, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at par plus 12.6%; par if the basket falls by up to 15%; 1% loss for every 1% basket decline beyond 15%
Initial fund levels:	$64.31 for Energy, $77.65 for Industrial and $78.23 for Technology
Pricing date:	May 6
Settlement date:	May 9
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78013X6V5

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