New Issue: RBC sells $771,000 leveraged market-linked notes on ARK Innovation ETF

By Kiku Steinfeld

Chicago, March 7 – Royal Bank of Canada priced $771,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 19, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to par plus 17%.

Investors will receive par if the fund falls by up to 12.5% and will lose 1% for every 1% decline beyond 12.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities with leveraged upside participation and fixed percentage buffered downside
Underlying fund:	ARK Innovation ETF
Amount:	$771,000
Maturity:	Dec. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, up to par plus 17%; par if the fund falls by up to 12.5%; 1% loss for every 1% decline beyond 12.5%
Initial fund level:	$116.86
Buffer level:	$102.2525, 87.5% of initial level
Pricing date:	Sept. 14
Settlement date:	Sept. 17
Agent:	Wells Fargo Securities, LLC
Fees:	2.15%
Cusip:	78016EN52

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