New Issue: RBC sells $1.5 million buffered enhanced return notes linked to indexes

By Susanna Moon

Chicago, June 1 – Royal Bank of Canada priced $1.5 million of 0% buffered enhanced return notes due May 26, 2022 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 with a 45% weight, the Euro Stoxx 50 index with a 35% weight, the Nasdaq-100 index with a 10% weight and the Russell 2000 index with a 10% weight.

The payout at maturity will be par plus 105% of any gain in the basket.

Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying basket:	S&P 500 index (45% weight), the Euro Stoxx 50 index (35% weight), the Nasdaq-100 index (10% weight) and the Russell 2000 index (10% weight)
Amount:	$1.5 million
Maturity:	May 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105% of any basket gain; par if basket falls by 20% or less; 1% loss per 1% decline beyond 20%
Initial level:	2,398.42 for S&P, 3,595.03 for Stoxx, 5,703.346 for Nasdaq and 1,380.982 for Russell
Pricing date:	May 23
Settlement date:	May 26
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KT49

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