New Issue: RBC sells $1 million buffered enhanced return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – Royal Bank of Canada priced $1 million of buffered enhanced return notes due July 23, 2025 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index and the Euro Stoxx 50 index, each with a 50% weight.

If the basket return is positive, the payout at maturity will be par plus 130% of the basket gain. Investors will receive par if the basket falls by up to 25% and lose 1% for every 1% decline beyond 25%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	S&P 500 index, Euro Stoxx 50 index, each with 50% weights
Amount:	$1 million
Maturity:	July 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any basket gain; par if the basket falls by up to 25%; 1% loss for every 1% basket decline beyond 25%
Initial levels:	2,986.2 for S&P, 3,579.41 for Stoxx
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Underwriter:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78015KGT5

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