New Issue: RBC prices $1.14 million buffered enhanced return notes linked to iShares ETF

By William Gullotti

Buffalo, N.Y., Dec. 21 – Royal Bank of Canada priced $1.14 million of 0% buffered enhanced return notes due Dec. 18, 2026 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 117% of the return.

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

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1,135,000
Maturity:	Dec. 18, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 117% of ETF return; par if ETF declines by 20% or less; 1% loss for every 1% of ETF decline beyond 20%
Initial level:	$74.34
Buffer level:	$59.47; 80% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Selling agent:	RBC Capital Markets, LLC
Fees:	0.75%
Cusip:	78017F4V2

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