New Issue: RBC sells $2.25 million market-linked leveraged upside participation notes on ETF basket

By William Gullotti

Buffalo, N.Y., Jan. 11 – Royal Bank of Canada priced $2.25 million of 0% market-linked securities – leveraged upside participation and fixed-percentage buffered downside due Jan. 5, 2026 linked to a basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR Dow Jones Industrial Average ETF Trust (50% weight), the SPDR S&P MidCap 400 ETF Trust (30% weight) and the iShares Russell 2000 ETF (20% weight).

The payout at maturity will be par plus 110% of any basket gain, up to a maximum of 33%.

Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying basket:	SPDR Dow Jones Industrial Average ETF Trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight), iShares Russell 2000 ETF (20% weight)
Amount:	$2,248,000
Maturity:	Jan. 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any basket gain, capped at 33%; par if basket falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
Initial levels:	$364.07 for Dow ETF, $517.09 for MidCap ETF, $222.93 for Russell ETF
Buffer levels:	90% of initial levels
Pricing date:	Dec. 30
Settlement date:	Jan. 4
Agent:	Wells Fargo Securities LLC
Fees:	3.825%
Cusip:	78016F6W9

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