New Issue: RBC prices $3.43 million market-linked securities on S&P 500

Chicago, Oct. 18 – Royal Bank of Canada priced $3.43 million of 0% market-linked securities with a contingent fixed return and fixed percentage buffered downside due Oct. 16, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 25.8% if the index finishes above 80% of its initial level.

If the index finishes below its 80% buffer level, investors will have a 1% loss for each 1% decline beyond the 20% buffer.

Wells Fargo Securities, LLC is the agent..

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – contingent fixed return and fixed percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$3,433,000
Maturity:	Oct. 16, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 25.8% if index finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 20% buffer
Initial level:	4,376.95
Buffer level:	3,501.56; 80% of initial level
Pricing date:	Oct. 11
Settlement date:	Oct. 16
Agent:	Wells Fargo Securities, LLC
Fees:	0.825%
Cusip:	78016NT56

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