New Issue: RBC sells $105,000 buffered enhanced return notes on ETF basket

Chicago, Jan. 28 – Royal Bank of Canada priced $105,000 of buffered enhanced return notes due May 1, 2024 linked to a basket of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR Gold Shares and the iShares Silver trust with equal weights.

If the basket return is positive, the payout at maturity will be par plus 140% of the basket gain, subject to a maximum payment of par plus 20%. Investors will receive par if the basket falls by up to 15% and lose 1% for every 1% decline beyond 15%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	SPDR Gold Shares and iShares Silver trust, equal weights
Amount:	$105,000
Maturity:	May 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any basket gain, capped at par plus 20%; par if the basket falls by up to 15%; 1% loss for every 1% basket decline beyond 15%
Initial fund levels:	$177.32 for gold, $21.65 for silver
Buffer levels:	85% of initial level
Pricing date:	April 26, 2022
Settlement date:	April 29, 2022
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016FHX5

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