New Issue: RBC prices $1.49 million leveraged market-linked securities tied to Stoxx

By William Gullotti

Buffalo, N.Y., April 4 – Royal Bank of Canada priced $1.49 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 4, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, payout at maturity will be par plus double any index gain, subject to a maximum return of 27%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$1,486,000
Maturity:	April 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus two times any index gain, subject to a maximum return of par plus 27%; if the index falls by up to 10%, par; 1% for each 1% decline in index beyond 10%
Initial level:	3,959.14
Buffer level:	3,563.226; 90% of initial level
Pricing date:	March 30
Settlement date:	April 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	78016FEX8

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