By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – Royal Bank of Canada priced $5.33 million of 0% market-linked securities – leveraged upside participation and fixed-percentage buffered downside due Aug. 4, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index (50% weight) and the Euro Stoxx 50 index (50% weight).
The payout at maturity will be par plus 125% of any basket gain, up to a maximum of 10.55%.
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: | S&P 500 index (50% weight) and Euro Stoxx 50 index (50% weight)
|
| Amount: | $5,325,000
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| Maturity: | Aug. 4, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, capped at 10.55%; par if basket falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial levels: | 4,395.26 for S&P, 4,089.3 for Stoxx
|
| Buffer levels: | 90% of initial levels
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| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.725%
|
| Cusip: | 78016EFH5
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