New Issue: RBC prices $293,000 buffered enhanced return notes linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., June 26 – Royal Bank of Canada priced $293,000 of 0% buffered enhanced return notes due July 29, 2027 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 1.36 times the index return. If the index return is less than or equal to zero but greater than or equal to negative 40%, the payout will be par. Investors will lose 1% for every 1% that the index declines beyond 40%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Euro Stoxx 50 index
Amount:	$293,000
Maturity:	July 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.36 times index return; if index return is less than or equal to zero but greater than or equal to negative 40%, par; 1% loss for every 1% that index declines beyond 40%
Initial level:	3,575.36
Barrier level:	2,145.22, or 60% of initial level
Pricing date:	July 26, 2022
Settlement date:	July 29, 2022
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016FPA6

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