New Issue: RBC sells $170,000 upside participation market-linked contingent notes on Stoxx Banks

By Kiku Steinfeld

Chicago, May 23 – Royal Bank of Canada priced $170,000 of 0% market-linked securities with upside participation and contingent minimum return and contingent downside due Oct. 21, 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 47% and par plus the index gain.

If the index falls by up to 20%, 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—Upside Participation with Contingent Minimum Return and Contingent Downside
Underlying index:	Euro Stoxx Banks index
Amount:	$170,000
Maturity:	Oct. 21, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, the greater of par plus 47% and par plus the index gain; if the index falls by up to 20%, par; otherwise, lose 1% for every 1% of index decline from initial level
Initial level:	103.45
Barrier level:	82.76; 80% of initial level
Pricing date:	Oct. 15, 2021
Settlement date:	Oct. 20, 2021
Agent:	Wells Fargo Securities, LLC
Fees:	2.675%
Cusip:	78016F2J2

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