New Issue: RBC prices $14.36 million accelerated return notes on weighted index basket

By William Gullotti

Buffalo, N.Y., Oct. 31 – Royal Bank of Canada priced $14.36 million of 0% accelerated return notes due Dec. 20, 2024 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index and the Nikkei Stock Average index each with an initial weight of 20%, the Swiss Market index and the S&P/ASX 200 index each with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 21.7%.

Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated return notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 (5% weight)
Amount:	$14,355,690
Maturity:	Dec. 20, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 21.7%; otherwise, exposure to any basket decline
Initial levels:	4,049.4 for Stoxx, 7,354.57 for FTSE, 30,601.78 for Nikkei, 10,367.69 for Swiss, 6,812.319 for S&P/ASX, 11,380.76 for FTSE China 50
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78074B722

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