New Issue: RBC sells $2.77 million buffered return enhanced notes on Stoxx

By Sarah Lizee

Olympia, Wash., March 12 – Royal Bank of Canada priced $2.77 million of 0% buffered return enhanced notes due March 6, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial value, the payout at maturity will be par plus 2.05 times any gain.

If the index declines by up to 25%, the payout will be par. Investors will lose 1.3333% for every 1% decline beyond the buffer.

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

Issuer:	Royal Bank of Canada
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$2,767,000
Maturity:	March 6, 2025
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 2.05 times any index gain; par if index declines by up to 25%; 1.3333% loss for every 1% decline beyond 25%
Initial value:	3,329.49
Buffer level:	2,497.12, 75% of initial level
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	3%
Cusip:	78015KJL9

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