New Issue: RBC prices $1.56 million notes linked to basket of 20 Raymond James stock picks

By William Gullotti

Buffalo, N.Y., June 1 – Royal Bank of Canada priced $1.56 million of 0% notes due Nov. 22, 2024 linked to Raymond James securities selections, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are linked to an equally weighted basket of 20 common stocks selected by Raymond James.

The reference shares are Advanced Micro Devices, Inc., AeroVironment, Inc., Cognex Corp., Cisco Systems Inc., Digital Realty Trust, Inc., DexCom, Inc., Equinix, Inc., Alphabet Inc., Hewlett Packard Enterprise Co., Intel Corp., Mobileye Global Inc., Meta Platforms, Inc., Marvell Technology, Inc., Microsoft Corp., Nvidia Corp., Palantir Technologies, Inc., Insulet Corp., Pure Storage, Inc., RadNet, Inc. and Symbotic Inc.

Interest is payable quarterly. The amount of interest to be paid will depend on the total dividends paid on the reference stocks during the preceding quarter. The amount of interest will be the sum of the dividends multiplied by the 97.35% participation rate.

The payout at maturity will be par times 97.35% of the basket level percentage. Because of the 97.35% participation rate, investors will receive less than par if the basket does not gain by at least 2.73%.

RBC Capital Markets, LLC is the agent. Raymond James will handle distribution.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	Advanced Micro Devices, Inc. (Symbol: AMD), AeroVironment, Inc. (Symbol: AVAV), Cognex Corp. (Symbol: CGNX), Cisco Systems Inc. (Symbol: CSCO), Digital Realty Trust, Inc. (Symbol: DLR), DexCom, Inc. (Symbol: DXCM), Equinix, Inc. (Symbol: EQIX), Alphabet Inc. (Symbol: GOOGL), Hewlett Packard Enterprise Co. (Symbol: HPE), Intel Corp. (Symbol: INTC), Mobileye Global Inc. (Symbol: MBLY), Meta Platforms, Inc. (Symbol: META), Marvell Technology, Inc. (Symbol: MRVL), Microsoft Corp. (Symbol: MSFT), Nvidia Corp. (Symbol: NVDA), Palantir Technologies, Inc. (Symbol: PLTR), Insulet Corp. (Symbol: PODD), Pure Storage, Inc. (Symbol: PSTG), RadNet, Inc. (Symbol: RDNT) and Symbotic Inc. (Symbol: SYM); equally weighted
Amount:	$1,563,000
Maturity:	Nov. 22, 2024
Coupon:	Payable quarterly; amount will be 97.35% of sum of all dividends paid during the preceding quarter
Price:	Par
Payout at maturity:	Par times 97.35% of the basket level percentage; investors will receive less than par if the basket does not gain by at least 2.73%
Initial share prices:	$105.82 for AMD, $106.52 for AeroVironment, $53.00 for Cognex, $49.13 for Cisco, $90.75 for Digital Realty, $117.13 for DexCom, $723.58 for Equinix, $122.76 for Alphabet, $14.33 for Hewlett Packard Enterprise, $29.93 for Intel, $40.83 for Mobileye, $245.64 for Meta, $45.46 for Marvell, $318.34 for Microsoft, $312.64 for Nvidia, $11.71 for Palantir, $301.03 for Insulet, $24.24 for Pure Storage, $28.55 for RadNet, $29.03 for Symbotic
Pricing date:	May 19
Settlement date:	May 24
Agent:	RBC Capital Markets, LLC with distribution through Raymond James
Fees:	1.5%
Cusip:	78015QEU1

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