New Issue: RBC prices $1.35 million upside participation notes linked to Stoxx Banks

Chicago, Nov. 1 – Royal Bank of Canada priced $1.35 million of 0% market-linked securities – upside participation with contingent minimum return and contingent downside principal at risk securities – due March 3, 2025 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be the greater of par plus 47% or par plus the return of the index..

Investors will receive par if the index declines by 30% or less and will be fully exposed to the losses of the index if it declines more than 30%.

Wells Fargo Securities, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – upside participation with contingent minimum return and contingent downside principal at risk securities
Underlying index:	Euro Stoxx Banks index
Amount:	$1,346,000
Maturity:	March 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of 47% or par plus index return; par if index declines by 30% or less; otherwise, full exposure to losses of index
Initial level:	94.00
Buffer level:	65.80; 70% of initial level
Pricing date:	Feb. 28
Settlement date:	March 3
Selling agent:	Wells Fargo Securities, LLC
Fees:	2.675%
Cusip:	78016FE83

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