New Issue: RBC prices $1.1 million buffered enhanced return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – Royal Bank of Canada priced $1.1 million of 0% buffered enhanced return notes due Jan. 10, 2029 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than its initial level, the payout at maturity will be par of $1,000 plus 1.473 times the return of the lesser-performing index.

If either index declines by up to 10%, the payout will be par.

Otherwise, investors will be exposed to the losses of the lesser-performing index beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying indexes:	S&P 500, Russell 2000 index
Amount:	$1,103,000
Maturity:	Jan. 10, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 1.473 times the return of the lesser-performing index; par if either index declines by 10% or less; otherwise, exposure to losses of lesser-performing index beyond buffer
Initial index levels:	4,697.24 for S&P, 1,951.142 for Russell
Buffer levels:	4,227.52 for S&P, 1,756.028 for Russell, 90% of initial levels
Pricing date:	Jan. 5
Settlement date:	Jan. 10
Underwriter:	RBC Capital Markets, LLC
Fees:	0%
Cusip:	78017FA78

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