New Issue: RBC sells $20.54 million buffered return notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – Royal Bank of Canada priced $20.54 million of 0% buffered return notes due Jan. 12, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the S&P 500 index with a 60% weight, Euro Stoxx 50 index with a 30% weight and the FTSE 100 index with a 10% weight.

If the basket finishes at or above its initial level, the payout at maturity will be par plus 92.5% of the basket gain.

If the basket falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for each 1% basket decline beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying basket:	S&P 500 index (60% weight), Euro Stoxx 50 index (30% weight), FTSE 100 index (10% weight)
Amount:	$20,535,000
Maturity:	Jan. 12, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 92.5% of the basket return; if basket falls by up to 20%, par; otherwise, 1% loss per 1% decline beyond 20%
Initial levels:	4,677.03 for S&P, 4,305.83 for Stoxx, 7,485.28 for FTSE
Barrier level:	80% of initial level
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Underwriter:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78016FBQ6

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