New Issue: RBC prices $2.37 million barrier enhanced return notes on iShares MSCI ACWI

New York, Jan. 9 – Royal Bank of Canada priced $2.37 million of 0% barrier enhanced return notes due Jan. 11, 2029 linked to the iShares MSCI ACWI ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 166.3% of the return capped at a payout of par plus 75%. Investors will receive par if the ETF declines by 30% or less and will lose 1% for every 1% that the ETF declines from the initial level if it finished below the 70% barrier.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying ETF:	iShares MSCI ACWI ETF
Amount:	$2,369,000
Maturity:	Jan. 11, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, par plus 166.3% of the ETF return capped at par plus 75%; par if ETF declines by 30% or less; otherwise, 1% loss for every 1% that the ETF declines from initial level
Upside leverage:	166.3%
Cap:	75%
Initial level:	$98.71
Barrier level:	$69.10, 70% of initial level
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Selling agent:	RBC Capital Markets, LLC
Fees:	0.75%
Cusip:	78017F4U4

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