New Issue: RBC sells $5.17 million absolute return notes due 2020 tied to Stoxx 50

By Susanna Moon

Chicago, Feb. 21 – Royal Bank of Canada priced $5.17 million of absolute return notes due Aug. 13, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 165% of the gain.

If the index falls by up to 15%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline beyond the buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$5,172,000
Maturity:	Aug. 13, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 165% of return; if index falls by up to 15%, par plus absolute return; otherwise, 1% loss for each 1% decline beyond 15%
Initial index level:	3,325.99, closing level of stock on Feb. 9
Pricing date:	Feb. 8
Settlement date:	Feb. 14
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XFT0

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