New Issue: RBC prices $533,000 absolute return buffer notes on stock basket

Chicago, Dec. 5 – Royal Bank of Canada priced $533,000 of 0% absolute return buffer notes due April 2, 2025 linked to a basket of four common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Amazon.com, Inc., Meta Platforms, Inc., Nvidia Corp. and Tesla, Inc., equally weighted.

If the basket return is positive, the payout at maturity will be par plus 200% of the return, capped at par plus 36%. Investors will receive par plus the absolute return of the basket if the basket declines by not more than 20% or less and will lose 1% for every 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Absolute return buffer notes
Underlying stocks:	Amazon.com, Inc., Meta Platforms, Inc., Nvidia Corp. and Tesla, Inc., equally weighted
Amount:	$533,000
Maturity:	April 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of return, capped at par plus 36%; par plus absolute value of basket if it declines by 20% or less; 1% loss for every 1% decline beyond 20%
Initial levels:	$3,379.81 for Amazon, $223.59 for Meta, $282.19 for Nvidia, $1,091.84 for Tesla
Buffer level:	80% of initial levels
Pricing date:	March 28
Settlement date:	March 31
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78016FGJ7

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