New Issue: RBC sells $16.9 million geared buffered return notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Royal Bank of Canada priced $16.9 million of 0% geared buffered return notes due Sept. 22, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the S&P 500 index (70% weight), Euro Stoxx 50 index 15% weight) and the FTSE 100 index (15% weight).

If the basket finishes at or above its initial level, the payout at maturity will be par plus 90% of the basket gain.

If the basket falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1.17647% for each 1% basket decline beyond 15%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered return notes
Underlying basket:	S&P 500 index (70% weight), Euro Stoxx 50 index 15% weight), FTSE 100 index (15% weight)
Amount:	$16.9 million
Maturity:	Sept. 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 90% of basket return; if basket falls by up to 15%, par; otherwise, 1.17647% loss per 1% decline beyond 15%
Initial levels:	3,722.48 for S&P, 3,560.87 for Stoxx, 6,551.06 for FTSE
Barrier level:	85% of initial level
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Underwriter:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78016EXB8

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