New Issue: RBC prices $10.77 million Leveraged Index Return Notes linked to weighted basket

By William Gullotti

Buffalo, N.Y., March 14 – Royal Bank of Canada priced $10.77 million of 0% Leveraged Index Return Notes due March 31, 2028 linked to a weighted asset basket, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 35% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average with a 20% weight, the Swiss Market index with a 12.5% weight, the S&P/ASX 200 index with a 7.5% weight and the iShares MSCI Brazil ETF with a 5% weight.

The payout at maturity will be par of $10 plus 1.891 times any basket gain.

If the basket falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying assets:	Euro Stoxx 50 index (35% weight), FTSE 100 index (20% weight), Nikkei Stock Average (20% weight), Swiss Market index (12.5% weight), S&P/ASX 200 index (7.5% weight), iShares MSCI Brazil ETF (5% weight)
Amount:	$10,771,320
Maturity:	March 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.891 times any basket gain; if basket falls by up to 15%, par; otherwise, 1% loss for every 1% that the basket declines beyond 15%
Initial levels:	4,286.12 for Stoxx, 7,879.98 for FTSE, 28,623.15 for Nikkei, 10,948.85 for Swiss Market, 7,311.124 S&P/ASX 200, $27.71 for iShares Brazil
Threshold level:	85% of initial level
Pricing date:	March 9
Settlement date:	March 16
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	78015B112

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