New Issue: RBC prices $6.83 million buffered PLUS linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Royal Bank of Canada priced $6.83 million of 0% buffered Performance Leveraged Upside Securities due Oct. 30, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 173% of the index return.

If the index falls by up to 10%, the payout will be par.

Investors will lose 1% for every 1% decline of the index below 10%.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as the dealer.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$6,832,000
Maturity:	Oct. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 173% of index return; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial level:	4,014.36
Buffer level:	90% of initial level
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	3%
Cusip:	78016N2A4

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