New Issue: RBC prices $270,000 buffered absolute return notes tied to Euro Stoxx 50

By Kiku Steinfeld

Chicago, March 9 – Royal Bank of Canada priced $270,000 of 0% buffered absolute return notes due Nov. 29, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 140% of any gain in the index.

If the index declines by up to 30%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% decline beyond the 30% buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$270,000
Maturity:	Nov. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain; if index falls by up to 30%, par plus absolute value of its return; 1% loss for each 1% decline beyond 30%
Initial index level:	3,946.44
Buffer level:	2,762.51, 70% of initial level
Pricing date:	Nov. 23, 2022
Settlement date:	Nov. 29, 2022
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016H4B3

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