New Issue: RBC prices $700,000 barrier enhanced return notes on indexes

By Kiku Steinfeld

Chicago, Oct. 12 – Royal Bank of Canada priced $700,000 of 0% barrier enhanced return notes due March 29, 2028 linked to the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index return is positive, the payout at maturity will be par plus 164% of the return.

Investors will receive par if the lesser-performing index declines by 15% or less and will lose 1% for every 1% that the lesser-performing index declines from initial level.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:	$700,000
Maturity:	March 29, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 164% of lesser-performing index return; par if index declines by 15% or less; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
Initial levels:	12,767.05 for Nasdaq-100, 1,734.923 for Russell 2000, 3,970.99 for S&P 500
Barrier levels:	10,851.99 for Nasdaq-100, 10,851.99 for Russell 2000, 3,375.34 for S&P 500, 85% of initial levels
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Selling agent:	RBC Capital Markets, LLC
Fees:	3.75%
Cusip:	78016HWB2

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