New Issue: RBC sells $5.67 million market-linked leveraged upside participation notes tied to index basket

By William Gullotti

Buffalo, N.Y., Dec. 20 – Royal Bank of Canada priced $5.67 million of 0% market-linked securities – leveraged upside participation and fixed-percentage buffered downside due June 20, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index (50% weight), the S&P 500 index (25% weight) and the Russell 2000 index (25% weight).

The payout at maturity will be par plus 110% of any basket gain, up to a maximum of 12%.

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:	Euro Stoxx 50 index (50% weight), S&P 500 index (25% weight), Russell 2000 index (25% weight)
Amount:	$5,667,000
Maturity:	June 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any basket gain, capped at 12%; par if basket falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
Initial levels:	4,159.68 for Stoxx, 4,709.85 for S&P, 2,195.209 for Russell
Buffer levels:	90% of initial levels
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	Wells Fargo Securities LLC
Fees:	2.3%
Cusip:	78016FAM6

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