New Issue: RBC prices $5.04 million absolute return notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 24 – Royal Bank of Canada priced $5.04 million of 0% absolute return notes due March 25, 2021 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 110% of the index return. If the index return is between zero and negative 35%, inclusive, the payout will be par plus the absolute value of the index return. If the index return is less than negative 35%, investors will be fully exposed to the index’s decline from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$5.04 million
Maturity:	March 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, be par plus 110% of index return; if index return is between zero and negative 35%, inclusive, par plus absolute value of index return; if index return is less than negative 35%, full exposure to index’s decline from its initial level
Initial level:	3,726.07
Barrier level:	2,421.95, 65% of initial level
Pricing date:	March 20
Settlement date:	March 25
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KCL9

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