New Issue: RBC sells $262,000 buffered enhanced return notes on ETF basket

Chicago, Jan. 15 – Royal Bank of Canada priced $262,000 of buffered enhanced return notes due Dec. 31, 2025 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 40% weight, the iShares Russell 2000 ETF with a 25% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.

If the basket return is positive, the payout at maturity will be par plus 120% of the basket gain, subject to a maximum payment of par plus 57%. Investors will receive par if the basket falls by up to 20% and lose 1% for every 1% decline beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	SPDR S&P 500 ETF trust with a 40% weight, the iShares Russell 2000 ETF with a 25% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 15% weight
Amount:	$262,000
Maturity:	Dec. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any basket gain, capped at par plus 57%; par if the basket falls by up to 20%; 1% loss for every 1% basket decline beyond 20%
Initial fund levels:	$322.94 for S&P 500, $166.68 for Russell 2000, $69.52 for MSCI EAFE and $44.89 for MSCI EM
Buffer level:	80% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78015KGH1

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