New Issue: RBC sells $1.3 million leveraged buffered basket-linked notes on weighted index basket

By Wendy Van Sickle

Columbus, Ohio, June 26 – Royal Bank of Canada priced $1.3 million of 0% leveraged buffered notes due Feb. 21, 2025 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 an 12% weight and the S&P/ASX 200 index with an 9% weight.

The payout at maturity will be par plus 200% of the basket gain, subject to a maximum return of par plus 30%.

Investors will receive par if the basket finishes flat or falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered basket-linked notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
Amount:	$1,304,000
Maturity:	Feb. 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of basket gain, capped at par plus 30%; par if basket finishes flat or declines by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial levels:	4,322.75 for Stoxx, 2,295.01 for Tokyo, 7,559.18 for FTSE, 11,173.65 for Swiss, 7,314.905 for S&P/ASX
Buffer level:	85% of initial level
Pricing date:	June 21
Settlement date:	June 28
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016NHZ3

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