New Issue: RBC prices $6.09 million market-linked step-up notes on index basket

By Marisa Wong

Los Angeles, Feb. 4 – Royal Bank of Canada priced $6.09 million of 0% market-linked step-up notes due Jan. 25, 2024 linked to a global equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average with a 50% weight, the Stoxx Global Select Dividend 100 index with a 30% weight, the Euro Stoxx 50 index with a 10% weight and the FTSE 100 index with 10% weight.

If the basket finishes at or above the step-up level – 143.45% of the initial level – the payout at maturity will be par of $10 plus the gain.

If the basket gains by up to the step-up level, the payout will be par plus the step-up payment of 43.45%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked step-up notes
Underlying basket:	Dow Jones industrial average (50% weight), Stoxx Global Select Dividend 100 index (30% weight), Euro Stoxx 50 index (10% weight) and FTSE 100 index (10% weight)
Amount:	$6,086,220
Maturity:	Jan. 25, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the basket finishes at or above step-up level, par plus gain; if basket gains by up to step-up level, par plus 43.45%; otherwise, 1% loss per 1% decline
Step-up value:	143.45% of initial value
Initial index levels:	28,734.45 for Dow, 2,987.67 for Stoxx Global, 3,736.36 for Euro Stoxx, 7,483.57 for FTSE
Pricing date:	Jan. 29
Settlement date:	Feb. 6
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	78014F213

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