New Issue: RBC prices $1.28 million levered market plus notes on Stoxx

By William Gullotti

Buffalo, N.Y., March 8 – Royal Bank of Canada priced $1.28 million of 0% levered market plus notes due July 9, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain.

Investors will receive par if the index falls by up to 20%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Royal Bank of Canada
Issue:	Levered market plus notes
Underlying index:	Euro Stoxx 50 index
Amount:	$1,275,000
Maturity:	July 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain; par if index falls by 20% or less; 1% loss for every 1% decline in the index from initial level
Initial level:	4,294.8
Barrier level:	3,435.84; 80% of initial level
Pricing date:	March 3
Settlement date:	March 8
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.167%
Cusip:	78016HTL4

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