New Issue: RBC sells $4 million buffered enhanced return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, July 5 – Royal Bank of Canada priced $4 million of buffered enhanced return notes due Aug. 1, 2023 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average with a 33.33% weight, the Nasdaq-100 index with a 33.33% weight and the Russell 2000 index with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket gain, capped at 16.5%. Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	Dow Jones industrial average (33.33% weight), Nasdaq-100 index (33.33% weight) and Russell 2000 index (33.33% weight)
Amount:	$4 million
Maturity:	Aug. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at 16.5%; par if the basket falls by up to 10%; 1% loss for every 1% basket decline beyond 10%
Initial level:	31,438.26, 12,008.24 for Nasdaq, 1,771.742 for Russell
Buffer level:	90% of initial component levels
Pricing date:	June 28
Settlement date:	July 1
Underwriter:	RBC Capital Markets, LLC
Fees:	0.22%
Cusip:	78016FN26

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