New Issue: RBC prices $4.1 million buffered enhanced return notes linked to 80-20 basket

By William Gullotti

Buffalo, N.Y., March 21 – Royal Bank of Canada priced $4.1 million of 0% buffered enhanced return notes due March 16, 2029 linked to a basket consisting of the S&P 500 index with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 111.5% of the return.

Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying assets:	S&P 500 index (80% weight), iShares MSCI EAFE ETF (20% weight)
Amount:	$4.1 million
Maturity:	March 16, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 111.5% of basket return; par if basket declines by 20% or less; otherwise, 1% loss for every 1% that basket declines beyond 20%
Initial levels:	5,165.31 for S&P, $79.44 for EAFE ETF
Buffer level:	80% of initial level
Pricing date:	March 13
Settlement date:	March 18
Selling agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78017FM67

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