New Issue: RBC sells $1.8 million upside participation market-linked contingent minimum notes

By William Gullotti

Buffalo, N.Y., Sept. 7 – Royal Bank of Canada priced $1.8 million of 0% market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside due Sept. 5, 2028 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 level, the payout at maturity will be the greater of par plus 44.3% and par plus the index gain.

If the index falls by up to 30%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 30%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$1,799,000
Maturity:	Sept. 5, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, the greater of par plus 44.3% and par plus the index gain; if the index falls by up to 30%, par; otherwise, lose 1% for every 1% of index decline beyond 30%
Initial level:	4,315.31
Buffer level:	3,020.717; 70% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Agent:	Wells Fargo Securities, LLC
Fees:	3.87%
Cusip:	78016NRZ2

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