New Issue: RBC sells $536,000 buffered booster absolute return notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Royal Bank of Canada priced $536,000 of 0% buffered booster absolute return notes due Oct. 2, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than 44%, the payout at maturity will be par plus the index return.

If the index gains by up to 44%, the payout will be par plus 44%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be exposed to any losses beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered booster absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$536,000
Maturity:	Oct. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains by more than 44%, par plus the index return; if the index gains by up to 44%, par plus 44%; if the index falls by up to 20%, par plus the absolute value of the index return; otherwise, exposure to any losses beyond 20%
Initial index level:	3,555.17
Buffer level:	2,844.14, 80% of initial level
Pricing date:	Sept. 27
Settlement date:	Sept. 29
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012K6F9

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