New Issue: RBC sells $10.77 million trigger jump securities on index basket

By Wendy Van Sickle

Columbus, Ohio, May 25 – Royal Bank of Canada priced $10.77 million of 0% trigger jump securities due May 25, 2027 linked to the performance of a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains the Euro Stoxx 50 index (44% weight), FTSE 100 index (24% weight). Nikkei 225 index (24% weight) and MSCI Emerging Markets index (8% weight).

If the basket finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 55.35%.

If the basket falls by up to 30%, the payout will be par.

If the basket finishes below its 70% downside threshold, investors will be fully exposed decline from the basket’s initial value.

RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Royal Bank of Canada
Issue:	Trigger jump securities
Underlying basket:	Euro Stoxx 50 index (44% weight), FTSE 100 index (24% weight). Nikkei 225 index (24% weight) and MSCI Emerging Markets index (8% weight)
Amount:	$10,772,500
Maturity:	May 25, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the basket gains, par plus 55.35%; if the basket falls by up to 30%, par; if the basket finishes below its 70% downside threshold, full exposure to any losses
Initial levels:	3,657.03 for Stoxx, 7,389.98 for FTSE, 26,739.03 for Nikkei, 1,035.31 for MSCI EM
Trigger level:	70% of initial level
Pricing date:	May 20
Settlement date:	May 25
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	3.5%
Cusip:	78016C887

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