New Issue: RBC prices $3.64 million of digital basket-linked notes on weighted index basket

By William Gullotti

Buffalo, N.Y., May 15 – Royal Bank of Canada priced $3.64 million of 0% digital basket-linked notes due June 13, 2024 linked to a weighted 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.

If the basket finishes at or above 90% of its initial level, the payout at maturity will be par plus 9.28%.

Otherwise, investors will lose 1.1111% for every 1% that the basket declines beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital basket-linked notes
Underlying basket:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
Amount:	$3.64 million
Maturity:	June 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above buffer level, par plus 9.28%; otherwise, 1.1111% loss for every 1% that basket declines beyond 10%
Initial levels:	4,306.76 for Stoxx, 2,085.91 for Topix, 7,741.33 for FTSE, 11,447.23 for Swiss, 7,255.738 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	May 10
Settlement date:	May 17
Agent:	RBC Capital Markets, LLC
Fees:	1.09%
Cusip:	78016NBT3

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