New Issue: RBC prices $3.44 million barrier enhanced return notes linked to weighted basket

By William Gullotti

Buffalo, N.Y., Oct. 7 – Royal Bank of Canada priced $3.44 million of 0% barrier enhanced return notes due Oct. 7, 2027 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.

If the basket return is positive, the payout at maturity will be par plus 155% of the return.

Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that the basket declines from initial level.

RBC Capital Markets, LLC is the selling agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying assets:	S&P 500 index (60% weight), Euro Stoxx 50 index (20% weight), iShares MSCI Emerging Markets ETF (20% weight)
Amount:	$3,437,000
Maturity:	Oct. 7, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 155% of basket return; par if basket declines by 15% or less; otherwise, 1% loss for every 1% that basket declines from initial level
Initial levels:	3,678.43 for S&P, 3,342.17 for Stoxx, $35.45 for ETF
Barrier level:	85% of initial level
Strike date:	Oct. 3
Pricing date:	Oct. 4
Settlement date:	Oct. 7
Selling agent:	RBC Capital Markets, LLC
Fees:	0.6%
Cusip:	78016FY24

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