New Issue: RBC sells $20.5 million capped buffer securities linked to Dow

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Royal Bank of Canada priced $20.5 million of 0% capped buffer securities due Sept. 28, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than 27%, the payout at maturity will be $10 + [$10 x (((underlying return minus 27%) x 1.2772) + 40.6659%)], up to 89.2%. If the return is between negative 6% and 27%, the payout will be $10 + [$10 x (underlying return plus 6%) x 1.2323].

Investors will lose 1% for every 1% decline of the index beyond 6%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Capped buffer securities
Underlying index:	Dow Jones industrial average
Amount:	$20.5 million
Maturity:	Sept. 28, 2027
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than 27%, $10 + [$10 x (((underlying return minus 27%) x 1.2772) + 40.6659%)], up to 89.2%; if return is between negative 6% and 27%, $10 + [$10 x (underlying return plus 6%) x 1.2323]; 1% loss for every 1% decline of index beyond 6%
Initial level:	Average of closing levels from Jan. 31 through Feb. 10
Final level:	Average of closing levels from June 25, 2027 to Sept. 23, 2027
Threshold level:	94% of initial level
Pricing date:	Feb. 2
Settlement date:	Feb. 4
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016C440

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