New Issue: RBC prices $1.58 million leveraged buffered index-linked notes tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – Royal Bank of Canada priced $1.58 million of 0% leveraged buffered index-linked notes due March 18, 2026 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 two times the gain, up to a maximum payout of par plus 23.9%.

If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,581,000
Maturity:	March 18, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus two times index gain, capped at par plus 23.9%; if index finishes flat or falls by up to 15%, par; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial index levels:	4,927.93
Buffer level:	85% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Agent:	RBC Capital Markets, LLC
Fees:	0%
Cusip:	78017FE66

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