New Issue: RBC prices $770,000 contingent market-linked notes on Stoxx

Chicago, Feb. 12 – Royal Bank of Canada priced $770,000 of market-linked securities due Feb. 6, 2023 – contingent fixed return and fixed percentage buffered downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout will be par plus 27%.

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

Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – contingent fixed return and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$770,000
Maturity:	Feb. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or finishes flat, par plus 27%; if the index declines by up to 10%, par; 1% loss for every 1% decline of the index beyond 10%
Initial level:	3,640.91
Threshold level:	3,276.819, 90% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Wells Fargo Securities LLC
Fees:	3.7%
Cusip:	78015KKN3

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