New Issue: RBC sells $2.03 million buffered enhanced return notes on index basket

By Emma Trincal

New York, Aug. 15 – Royal Bank of Canada priced $2.03 million of buffered enhanced return notes due Aug. 1, 2023 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 43.75% weight, the Russell 2000 index with a 21.25% weight, the MSCI EAFE index with a 22.5% weight and the MSCI Emerging Markets index with a 12.5% weight.

If the basket return is positive, the payout at maturity will be par plus 135% of the basket gain. Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	S&P 500 index (43.75% weight), Russell 2000 index (21.25% weight), MSCI EAFE index (22.50% weight) and MSCI Emerging Markets index (12.50% weight)
Amount:	$2,034,000
Maturity:	Aug. 13, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 135% of any basket gain; par if the basket falls by up to 10%; 1% loss for every 1% basket decline beyond 10%
Initial levels:	4,210.24 for S&P, 1,969.249 for Russell, 1,968.54 for EAFE and 997.2 for EM
Buffer level:	90% of initial level
Pricing date:	Aug. 10
Settlement date:	Aug. 15
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016FRA4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.