New Issue: RBC sells $2.1 million capped dual directional barrier notes tied to Dow

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – Royal Bank of Canada priced $2.1 million of 0% capped dual directional barrier notes due Oct. 29, 2025 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 34%.

If the index falls by up to 34%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

RBC Capital Markets, LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Royal Bank of Canada
Issue:	Capped dual directional barrier notes
Underlying index:	Dow Jones industrial average
Amount:	$2.1 million
Maturity:	Oct. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 34%; if index falls by up to 34%, par plus absolute value of return; otherwise, 1% loss for each 1% decline below initial level
Initial index level:	28,335.57
Barrier level:	18,701.48, 66% of initial level
Final level:	Average of index closing levels on five trading days ending Oct. 24, 2025
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	3%
Cusip:	78016EHK6

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