New Issue: RBC prices $25,000 barrier enhanced return notes linked to Equal Weight

Chicago, April 19 – Royal Bank of Canada priced $25,000 of 0% barrier enhanced return notes due Jan. 24, 2029 linked to the S&P 500 Equal Weight 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 1.125 times the return. Investors will receive par if the index declines but finishes above its 70% barrier. Otherwise, investors will be fully exposed to the losses of the index.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying index:	S&P 500 Equal Weight index
Amount:	$25,000
Maturity:	Jan. 24, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 1.125 times the index return; par if index declines but finishes above barrier; otherwise, full exposure to losses of index
Initial level:	6,321.98
Barrier level:	4,425.39, 70% of initial level
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Selling agent:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78017FAJ2

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