New Issue: RBC sells $1.46 million buffered enhanced return notes on the Dow

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Royal Bank of Canada priced $1.46 million of 0% buffered enhanced return notes due July 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 105.65% of any gain in the index.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Dow Jones industrial average
Amount:	$1.46 million
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105.65% of any index gain; par if index falls by 20% or less; 1% loss per 1% decline beyond 20%
Initial level:	21,711.01
Buffer level:	17.368.81, 80% of initial level
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012K2H9

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