New Issue: RBC sells $1.01 million buffered enhanced return notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., Sept. 13 – Royal Bank of Canada priced $1.01 million of 0% buffered enhanced return notes due Sept. 1, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any gain in the index, capped at par plus 34.31%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Russell 2000
Amount:	$1,007,000
Maturity:	Sept. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, capped at par plus 34.31%; par if index falls by 15% or less; 1% loss per 1% decline beyond 15%
Initial level:	1,728.422
Buffer level:	1,469.159, 85% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78013XB98

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