New Issue: RBC prices $6.43 million leveraged buffered index-linked notes tied to S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 12 – Royal Bank of Canada priced $6.43 million of 0% leveraged buffered index-linked notes due Jan. 27, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum payout of par plus 30.6%.

If the index finishes flat or falls by up to 7.5%, investors will receive par. Otherwise, investors will lose 1.0811% for every 1% decline beyond 7.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$6,426,000
Maturity:	Jan. 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 1.5 times index gain, capped at par plus 30.6%; if index finishes flat or falls by up to 7.5%, par; otherwise, 1.0811% loss for every 1% decline beyond 7.5%
Initial index levels:	4,258.19
Buffer level:	92.5%
Pricing date:	Oct. 5
Settlement date:	Oct. 13
Agent:	RBC Capital Markets, LLC
Fees:	0.99%
Cusip:	78016NH67

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