New Issue: RBC prices $1.35 million enhanced return notes on financial stocks

New York, Jan. 9 – Royal Bank of Canada priced $1.35 million of 0% enhanced return notes due Feb. 13, 2025 linked to an equally weighted basket of the stocks of JPMorgan Chase & Co., Morgan Stanley and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return subject to a maximum return of par plus 27.25%. Investors will lose 1% for every 1% that the basket declines.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying stocks:	JPMorgan Chase & Co., Morgan Stanley and Charles Schwab Corp. with equal weights
Amount:	$1.35 million
Maturity:	Feb. 13, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of basket return, subject to 27.25% maximum return; 1% loss for every 1% that basket declines
Initial levels:	$158.52 for JPMorgan, $82.28 for Morgan Stanley, $84.07 for Charles Schwab
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Underwriter:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78017F3E1

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