New Issue: RBC sells $1.27 million buffered enhanced return notes on Russell 2000

By Kiku Steinfeld

Chicago, Feb. 24 – Royal Bank of Canada priced $1.27 million of 0% buffered enhanced return notes due May 22, 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 150% of the index return, capped at par plus 34%. 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 underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$1.27 million
Maturity:	May 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return capped at par plus 34%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,839.123
Buffer level:	1,655.211, 90% of initial level
Pricing date:	Nov. 17, 2022
Settlement date:	Nov. 22, 2022
Underwriter:	RBC Capital Markets, LLC
Fees:	0%
Cusip:	78016EBL0

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