New Issue: RBC prices $1.01 million buffered enhanced return notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, April 26 – Royal Bank of Canada priced $1.01 million of 0% buffered enhanced return notes due April 27, 2027 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Archer-Daniels-Midland Co. with a 33.33% weight, Cisco Systems, Inc. with a 33.33% weight and Paycom Software, Inc. with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par plus 200% of the return, up to par plus 50%.

Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying indexes:	Archer-Daniels-Midland Co. (33.33% weight), Cisco Systems, Inc. (33.33% weight), Paycom Software, Inc. (33.33% weight)
Amount:	$1,006,000
Maturity:	April 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 200% of basket return, up to par plus 50%; par if basket declines by 20% or less; otherwise, 1% loss for every 1% that basket declines beyond 20%
Initial levels:	$62.50 for Archer-Daniels-Midland, $48.14 for Cisco, $186.71 for Paycom
Buffer level:	80% of initial level
Pricing date:	April 22
Settlement date:	April 25
Selling agent:	RBC Capital Markets, LLC
Fees:	0.75%
Cusip:	78017FU76

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