New Issue: RBC sells $1.52 million upside participation contingent minimum notes on Stoxx Banks

By William Gullotti

Buffalo, N.Y., Dec. 16 – Royal Bank of Canada priced $1.52 million of 0% market-linked securities with upside participation and contingent minimum return and contingent downside due Dec. 16, 2024 linked to the Euro Stoxx Banks 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 40% 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 from its initial level.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities with upside participation and contingent minimum return and contingent downside
Underlying index:	Euro Stoxx Banks index
Amount:	$1,523,000
Maturity:	Dec. 16, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, the greater of par plus 40% and par plus the index gain; if the index falls by up to 30%, par; otherwise, lose 1% for every 1% of index decline from initial level
Initial level:	96.78
Barrier level:	67.746; 70% of initial level
Pricing date:	Dec. 10
Settlement date:	Dec. 15
Agent:	Wells Fargo Securities, LLC
Fees:	2.675%
Cusip:	78016F6V1

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