New Issue: RBC prices $1.06 million buffered enhanced return notes linked to Stoxx

By William Gullotti

Buffalo, N.Y., July 1 – Royal Bank of Canada priced $1.06 million of 0% buffered enhanced return notes due July 1, 2027 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 138% of the return.

Investors will receive par if the index declines by 40% or less and will lose 1% for every 1% that the index declines beyond 40%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Euro Stoxx 50 index
Amount:	$1,056,000
Maturity:	July 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 138% of index return; par if index declines by 40% or less; 1% loss for every 1% of index decline beyond 40%
Initial level:	3,538.88
Buffer level:	2,123.33; 60% of initial level
Pricing date:	June 27
Settlement date:	June 30
Selling agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016FM50

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