By Wendy Van Sickle
Columbus, Ohio, Oct. 17 – Royal Bank of Canada priced $8.77 million of 0% Capped Leveraged Index Return Notes due Oct. 30, 2020 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index (50% weight) and the Russell 2000 index (50% weight).
If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return of 18.75%.
If the basket falls by up to 5%, the payout will be par.
Investors will lose 1% for each 1% decline beyond 5%.
BofA Merrill Lynch is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Capped Leveraged Index Return Notes
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| Underlying indexes: | S&P 500 index (50% weight), Russell 2000 index (50% weight)
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| Amount: | $8,769,250
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any basket gain, capped at 18.75%; par if basket falls by up to 5%; otherwise, 1% loss for every 1% decline beyond 5%
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| Initial index levels: | 2,901.61 for S&P, 1,646.911 for Russell
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| Pricing date: | Oct. 4
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| Settlement date: | Oct. 11
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
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| Cusip: | 78014F619
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