New Issue: RBC prices $786,000 buffered enhanced return notes on S&P, Euro Stoxx

By Tali Rackner

Minneapolis, Nov. 15 – Royal Bank of Canada priced $786,000 of 0% buffered enhanced return notes due Nov. 1, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than its initial level, the payout at maturity will be par of $1,000 plus 2.16 times the return of the lesser-performing index.

If either index declines by up to 20%, the payout will be par.

Otherwise, investors will be exposed to the losses of the lesser-performing index.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$786,000
Maturity:	Nov. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 2.16 times the return of the lesser-performing index; par if either index declines by 20% or less; otherwise, exposure to losses of lesser-performing index
Initial index levels:	2,581.07 for S&P, 3,652.23 for Euro Stoxx
Buffer levels:	2,064.86 for S&P, 2,921.78 for Euro Stoxx, 80% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78013GJW6

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