New Issue: RBC prices $631,000 buffered enhanced return notes linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Feb. 1 – Royal Bank of Canada priced $631,000 of 0% buffered enhanced return notes due Feb. 29, 2024 linked to the Russell 2000 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 200% of the return, capped at par plus 16.5%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$631,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, capped at par plus 16.5%; par if index declines by 10% or less; 1% loss for every 1% of index decline beyond 10%
Initial level:	1,903.064
Buffer level:	1,712.758; 90% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Selling agent:	RBC Capital Markets, LLC
Fees:	1.5%
Cusip:	78016HKS8

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