New Issue: RBC prices $832,000 enhanced return notes linked to S&P 500

Chicago, June 8 – Royal Bank of Canada priced $832,000 of 0% enhanced return notes due Dec. 29, 2022 linked to the S&P 500 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 300% of the index return, subject to a maximum return of 11.5%. Investors will lose 1% for every 1% that the index declines.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying index:	S&P 500
Amount:	$832,000
Maturity:	Dec. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to 11.5% maximum return; 1% loss for every 1% that index declines
Initial level:	4,690.70
Pricing date:	Nov. 23, 2021
Settlement date:	Nov. 29, 2021
Underwriter:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78016F6N9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.