By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – Royal Bank of Canada priced $20 million of 0% capped buffer notes due Jan. 19, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes greater than or equal to 159% of its initial level, the payout will be par plus 76.4%.
If the index finishes above 130% of its initial level but less than 159% of its initial level, the payout will be the sum of the percentage change and negative 30%, multiplied by 1.463793, plus 33.95%.
If the index finishes below 130% of its initial level, but is not less than 95% of its initial level, the payout will be the sum of the percentage change and 5%, multiplied by 0.97.
If the index finishes between negative 5% and negative 10% of its initial level, the payout will be par.
Otherwise, investors will be exposed to any decline of the index beyond 10%.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Royal Bank of Canada
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| Issue: | Capped buffer notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $20 million
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| Maturity: | Jan. 19, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes greater than or equal to 159% of its initial level, par plus 76.4%; if the index finishes above 130% of its initial level but less than 159% of its initial level, sum of the percentage change and negative 30%, multiplied by 1.463793, plus 33.95%; if the index finishes below 130% of its initial level, but is not less than 95% of its initial level, sum of the percentage change and 5%, multiplied by 0.97; if the index finishes between negative 5% and negative 10% of its initial level, par; otherwise, investors will be exposed to any decline of the index beyond 10%
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| Initial level: | Average of the closing levels from Jan. 4 to Jan. 14
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| Final level: | Average of the closing levels from Oct. 14, 2026 to Jan. 13, 2027
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agents: | RBC Capital Markets, LLC and UBS Financial Services Inc.
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| Fees: | 0.15%
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| Cusip: | 78016FBR4
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