New Issue: RBC prices $2.06 million notes linked to basket of nine stocks

By William Gullotti

Buffalo, N.Y., June 1 – Royal Bank of Canada priced $2.06 million of 0% notes due May 29, 2026 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Apple Inc., Chevron Corp., Alphabet Inc., Johnson & Johnson, Meta Platforms, Inc., Microsoft Corp., Procter & Gamble Co., Tesla, Inc. and Exxon Mobil Corp.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 32%.

Otherwise, investors will receive par.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	Apple Inc., Chevron Corp., Alphabet Inc., Johnson & Johnson, Meta Platforms, Inc., Microsoft Corp., Procter & Gamble Co., Tesla, Inc., Exxon Mobil Corp.; equal weights
Amount:	$2,055,000
Maturity:	May 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 32%; otherwise, par
Initial levels:	$171.56 for Apple, $156.85 for Chevron, $123.29 for Alphabet, $156.81 for J&J, $246.74 for Meta, $315.26 for Microsoft, $147.55 for P&G, $185.77 for Tesla, $106.40 for Exxon Mobil
Pricing date:	May 23
Settlement date:	May 26
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016NCJ4

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