New Issue: RBC prices $414,000 leveraged buffered notes linked to MSCI EAFE

By Kiku Steinfeld

Chicago, June 27 – Royal Bank of Canada priced $414,000 of 0% leveraged buffered notes due June 24, 2024 linked to the MSCI EAFE 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 180% of the gain, subject to a maximum settlement amount of $1,212.40 for each $1,000 principal amount. Investors will receive par if the index falls by 17.5% or less and lose 1.2121% for every 1% decline in the index beyond 17.5%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$414,000
Maturity:	June 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 180% of gain, subject to a maximum settlement amount of $1,212.40 for each $1,000 principal amount; par if index falls by up to 17.5%; 1.2121% loss for every 1% decline in index beyond 17.5%
Initial index level:	2,111.80
Buffer level:	82.5% of initial level
Pricing date:	Feb. 1, 2023
Settlement date:	Feb. 8, 2023
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016HQT0

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