New Issue: RBC sells $2.04 million leveraged buffered market-linked notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – Royal Bank of Canada priced $2.04 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Aug. 3, 2023 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 165% of any index gain.

Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$2,038,000
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 165% of any index gain; if index falls by up to 40%, par; otherwise, 1% loss per 1% decline beyond 40%
Initial level:	3,525.49
Buffer level:	2,115.294, 60% of initial level
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Wells Fargo Securities, LLC
Fees:	4.48%
Cusip:	78013XNL8

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