New Issue: RBC sells $500,000 barrier enhanced return notes on Alerian MLP ETF

By Marisa Wong

Morgantown, W.Va., Jan. 5 – Royal Bank of Canada priced $500,000 of 0% barrier enhanced return notes due Dec. 30, 2021 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any fund gain.

Investors will receive par if the fund falls by up to 40% and will lose 1% for each 1% decline from the initial level if the fund falls by more than 40%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying ETF:	Alerian MLP ETF
Amount:	$500,000
Maturity:	Dec. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any fund gain; par if the fund falls by up to 40%; 1% loss for each 1% decline from the initial level if the fund falls by more than 40%
Initial price:	$10.86
Barrier price:	$6.52, 60% of initial price
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XCR7

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