New Issue: RBC prices $8.18 million Leveraged Index Return Notes on Stoxx 50

By William Gullotti

Buffalo, N.Y., Nov. 23 – Royal Bank of Canada priced $8.18 million of 0% Leveraged Index Return Notes due Nov. 27, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.951 times any index gain.

If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$8.18 million
Maturity:	Nov. 27, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.951 times any index gain; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial level:	4,383.7
Threshold level:	3,945.33; 90% of initial level
Pricing date:	Nov. 18
Settlement date:	Nov. 26
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	78014T114

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