New Issue: RBC prices $1.37 million enhanced return notes on iShares 20+ Year Treasury Bond

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Royal Bank of Canada priced $1.37 million of 0% enhanced return notes due Oct. 30, 2025 linked to the iShares 20+ Year Treasury Bond ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 143.5% of the return.

Investors will have full exposure to any ETF loss.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying fund:	iShares 20+ Year Treasury Bond ETF
Amount:	$1,365,000
Maturity:	Oct. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 143.5% of ETF return; full exposure to loss
Initial level:	$84.37
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Selling agent:	RBC Capital Markets, LLC
Fees:	0.5%
Cusip:	78016NZ83

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