New Issue: RBC prices $3.2 million capped Leveraged Index Return Notes on MSCI Emerging Markets

By William Gullotti

Buffalo, N.Y., May 3 – Royal Bank of Canada priced $3.2 million of 0% capped Leveraged Index Return Notes due April 26, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payout of par plus 28.7%.

If the index 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:	Capped Leveraged Index Return Notes
Underlying index:	MSCI Emerging Markets index
Amount:	$3,196,050
Maturity:	April 26, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain capped at 28.7%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial level:	1,053.82
Threshold level:	948.44; 90% of initial level
Pricing date:	April 28
Settlement date:	May 5
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	78015B625

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