New Issue: RBC sells $986,000 absolute return buffered notes on Stoxx 50, Dow

By Susanna Moon

Chicago, May 1 – Royal Bank of Canada priced $986,000 of 0% absolute return buffered return notes due Oct. 28, 2021 linked to the worse performing of the Euro Stoxx 50 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 146% of the return of the worse performing index.

If either index falls by up to 25%, the payout will be par plus the absolute value of the return of the worse performing index.

If either index falls by more than 25%, investors will lose 1% for each 1% decline of the worse performing index beyond 25%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Absolute return buffered return notes
Underlying indexes:	Euro Stoxx 50, Dow Jones industrial average
Amount:	$986,000
Maturity:	Oct. 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 146% of any gain in worse performing index; if either index falls by up to 25%, par plus absolute return of worse performing index; otherwise, 1% loss per 1% decline of worse performing index beyond 25%
Initial levels:	3,485.83 for Stoxx, 24,083.83 for Dow
Buffer levels:	2,614.37 for Stoxx, 18,062.87 for Dow; 75% of initial level
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XJG4

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