New Issue: RBC prices $5.65 million barrier enhanced return notes linked to S&P, Dow

By William Gullotti

Buffalo, N.Y., March 2 – Royal Bank of Canada priced $5.65 million of 0% barrier enhanced return notes due Feb. 29, 2028 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index return is positive, the payout at maturity will be par plus 140% of the return of that index.

Investors will receive par if the lesser-performing index declines by 20% or less and will lose 1% for every 1% that the lesser-performing index declines from initial level if it declines beyond 20%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$5.65 million
Maturity:	Feb. 29, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 140% of lesser-performing index return; par if index declines by 20% or less; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
Initial levels:	3,970.04 for S&P, 32,816.92 for Dow
Barrier levels:	3,176.03 for S&P, 26,253.54 for Dow; 80% of initial levels
Pricing date:	Feb. 24
Settlement date:	March 1
Selling agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016HT91

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