New Issue: RBC prices $2.52 million Leveraged Index Return Notes linked to weighted index basket

By William Gullotti

Buffalo, N.Y., May 16 – Royal Bank of Canada priced $2.52 million of 0% Leveraged Index Return Notes due May 29, 2026 linked to a weighted index basket, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par of $10 plus 1.521 times any basket gain.

If the basket falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight), FTSE China 50 index (5% weight)
Amount:	$2,515,120
Maturity:	May 29, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.521 times any basket gain; if basket falls by up to 10%, par; otherwise, 1% loss for every 1% that the basket declines beyond 10%
Initial levels:	4,309.75 for Stoxx, 7,730.58 for FTSE, 29,126.72 for Nikkei, 11,522.97 for Swiss Market, 7,251.92 S&P/ASX 200, 12,875.54 for FTSE China 50
Threshold level:	90% of initial level
Pricing date:	May 11
Settlement date:	May 18
Agent:	BofA Securities, Inc.
Fees:	2.25%
Cusip:	78016B103

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.