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Published on 11/27/2023 in the Prospect News Structured Products Daily.

New Issue: RBC sells $763,000 leveraged basket-linked notes on weighted index basket

Chicago, Nov. 14 – Royal Bank of Canada priced $763,000 of 0% leveraged notes due Sept. 20, 2024 linked to a 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 300% of the basket gain, capped at par plus 50.94%.

Investors will be fully exposed to any basket decline.

RBC Capital Markets, LLC is the agent.

Issuer:Royal Bank of Canada
Issue:Leveraged 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:$763,000
Maturity:Sept. 20, 2024
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 300% of basket gain, capped at par plus 50.94%; otherwise, full exposure to basket decline
Initial levels:3,476.63 for Stoxx, 1,881.98 for Topix, 6,969.73 for FTSE, 10,418.60 for Swiss and 6,676.755 for S&P/ASX
Pricing date:Oct. 21, 2022
Settlement date:Oct. 28, 2022
Agent:RBC Capital Markets, LLC
Fees:0%
Cusip:78016FYE8

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