New Issue: RBC prices $9.46 million buffered enhanced return notes linked to index basket

By William Gullotti

Buffalo, N.Y., Sept. 26 – Royal Bank of Canada priced $9.46 million of 0% buffered enhanced return notes due Oct. 25, 2023 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index.

If the basket return is positive, the payout at maturity will be par plus 300% of the return, subject to a maximum payout of par plus 18.75%.

Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index; equal weights
Amount:	$9,457,000
Maturity:	Oct. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 300% of basket return, capped at par plus 18.75%; par if basket declines by 10% or less; otherwise, 1% loss for every 1% that basket declines beyond 10%
Initial levels:	30,706.23 for Dow, 11,851.54 for Nasdaq, 1,787.504 for Russell
Buffer level:	90% of initial level
Strike date:	Sept. 20
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Selling agent:	RBC Capital Markets, LLC
Fees:	0.22%
Cusip:	78016FV27

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