New Issue: RBC sells $5.53 million levered market plus notes tied to Stoxx

By Kiku Steinfeld

Chicago, July 17 – Royal Bank of Canada priced $5.53 million of 0% levered market plus notes due July 16, 2025l inked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.72 times the index gain.

If the index finishes flat or falls by up to 25%, the payout will be par.

If the index falls by more than 25%, investors will lose 1% for each 1% index decline below the initial level.

RBC Capital Markets, LLC is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

Issuer:	Royal Bank of Canada
Issue:	Levered market plus notes
Underlying index:	Euro Stoxx 50
Amount:	$5,530,000
Maturity:	July 16, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.72 times any index gain; par if index falls by up to 25%; full exposure to losses if index falls by more than 25%
Initial level:	3,296.22
Barrier level:	2,472.17, 75% of initial level
Pricing date:	July 10
Settlement date:	July 15
Agent:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	3%
Cusip:	78015KYP3

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