New Issue: RBC prices $1.42 million buffered enhanced return notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – Royal Bank of Canada priced $1.42 million of 0% buffered enhanced return notes due Dec. 11, 2024 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 two times the index return, capped at par plus 12.7%.

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:	S&P 500 index
Amount:	$1,415,000
Maturity:	Dec. 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus two times index return, capped at 12.7%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial index level:	4,554.89
Buffer level:	4,099.4; 90% of initial level
Pricing date:	Nov. 28
Settlement date:	Dec. 5
Underwriter:	RBC Capital Markets, LLC
Fees:	0%
Cusip:	78017F2N2

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