New Issue: RBC prices $7.76 million buffered PLUS tied to two-index basket

By William Gullotti

Buffalo, N.Y., March 13 – Royal Bank of Canada priced $7.76 million of 0% buffered Performance Leveraged Upside Securities due Sept. 4, 2026 linked to an equally weighted basket consisting of the Euro Stoxx 50 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 152% of any basket gain.

If the basket finishes flat or declines up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the basket below 15%.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:	Royal Bank of Canada
Issue:	Buffered Performance Leveraged Upside Securities
Underlying indexes:	Euro Stoxx 50 index, Topix index; equal weights
Amount:	$7,758,000
Maturity:	Sept. 4, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 152% of any basket gain; if basket falls up to 15%, par; otherwise, 1% loss for every 1% that the basket declines below buffer
Initial levels:	4,877.77 for Stoxx, 2,675.73 for Topix
Buffer level:	85% of initial level
Pricing date:	Feb. 29
Settlement date:	March 5
Agent:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management as a dealer
Fees:	3%
Cusip:	78017FHM8

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