New Issue: RBC sells $2.15 million capped buffered notes linked to Amazon

By Sarah Lizee

Olympia, Wash., Feb. 18 – Royal Bank of Canada priced $2.15 million of 0% capped buffered notes due Feb. 23, 2021 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the stock, capped at par plus 8.4%. If the stock declines by up to 20%, the payout will be par. Investors will lose 1.25% for every 1% that the stock declines beyond 20%.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Capped buffered notes
Underlying stock:	Amazon.com, Inc.
Amount:	$2.15 million
Maturity:	Feb. 23, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain, capped at par plus 8.4%; if stock declines by up to 20%, par; investors will lose 1.25% for every 1% that stock declines beyond 20%
Initial level:	$2,050.23
Buffer level:	$1,640.18, 80% of initial level
Pricing date:	Feb. 6
Settlement date:	Feb. 11
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78015KNX8

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