New Issue: RBC sells $1.59 million leveraged buffered basket-linked notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 21 – Royal Bank of Canada priced $1.59 million of 0% leveraged buffered notes due Feb. 8, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 19% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 1.3 times the basket gain up to 19.435%.

Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (19% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
Amount:	$1,589,000
Maturity:	Feb. 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.3 times basket gain, capped at 19.435%; par if basket finishes flat or declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial levels:	3,794.74 for Stoxx, 1,898.24 for Topix, 6,969.81 for FTSE, 11,022.34 for Swiss and 7,025.817 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	April 30
Settlement date:	May 7
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016EA49

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