New Issue: RBC prices $1.36 million buffered enhanced return notes linked to S&P MidCap

By Kiku Steinfeld

Chicago, June 11 – Royal Bank of Canada priced $1.36 million of 0% buffered enhanced return notes due Feb. 10, 2023 linked to the S&P MIDCAP 400 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 150% of the index return, capped at par plus 15%. 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 MIDCAP 400
Amount:	$1.36 million
Maturity:	Feb. 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return capped at par plus 15%; par if index declines by buffer level or less; 1% loss for every 1% that index declines beyond buffer
Initial level:	2,770.27
Buffer level:	2,493.24, or 90% of initial level
Pricing date:	May 7
Settlement date:	May 12
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016EE86

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