New Issue: RBC prices $750,000 barrier enhanced return notes linked to Eli Lilly

By Kiku Steinfeld

Chicago, Feb. 5 – Royal Bank of Canada priced $750,000 of 0% barrier enhanced return notes due Dec. 19, 2024 linked to the stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus twice the gain, capped at 128.05%.

Investors will receive par if the stock declines by 20% or less and will lose 1% for every 1% that the stock declines from initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying stock:	Eli Lilly and Co.
Amount:	$750,000
Maturity:	Dec. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus twice any gain, capped at 128.05%; par if stock declines by 20% or less; otherwise, 1% loss for every 1% that the stock declines from initial level
Initial levels:	$447.71
Barrier levels:	$358.17; 80% of initial levels
Pricing date:	June 20, 2023
Settlement date:	June 23, 2023
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016NJA6

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