New Issue: RBC sells $3.38 million buffered return notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., March 7 – Royal Bank of Canada priced $3.38 million of 0% buffered return notes due Feb. 1, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index gain.

Investors will receive par if the index declines by 13.3% or less and will lose 1.1534% for every 1% that it declines beyond 13.3%.

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

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying index:	Euro Stoxx 50 index
Amount:	$3,384,000
Maturity:	Feb. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if the index declines by 13.3% or less; Otherwise, 1.1534% loss for every 1% index decline beyond 13.3%
Initial level:	3,970.69
Buffer level:	3,442.59, 86.7% of initial level
Strike date:	Feb. 25
Pricing date:	Feb. 28
Settlement date:	March 10
Underwriter:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	None
Cusip:	78016FEZ3

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