New Issue: RBC prices $4.31 million buffered enhanced return notes linked to AMD, Nvidia

By William Gullotti

Buffalo, N.Y., April 12 – Royal Bank of Canada priced $4.31 million of 0% buffered enhanced return notes due March 30, 2026 linked to the stock performance of Advanced Micro Devices, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing stock return is positive, the payout at maturity will be par plus 150% of the return, capped at par plus 75%.

Investors will receive par if the lesser-performing stock declines by 25% or less and will lose 1% for every 1% that the lesser-performing stock declines beyond 25%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying stocks:	Nvidia Corp., Advanced Micro Devices, Inc.
Amount:	$4,306,000
Maturity:	March 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock return is positive, par plus 150% of lesser-performing stock return, capped at par plus 75%; par if stock declines by 25% or less; otherwise, 1% loss for every 1% that lesser-performing stock declines beyond 25%
Initial levels:	$178.63 for AMD, $950.02 for Nvidia
Buffer levels:	$133.97 for AMD, $712.52 for Nvidia; 75% of initial levels
Pricing date:	March 25
Settlement date:	March 28
Selling agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78017FLV3

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