New Issue: RBC prices $2 million notes linked to basket of 10 equal stocks

By Wendy Van Sickle

Columbus, Ohio, March 7 – Royal Bank of Canada priced $2 million of 0% notes due Dec. 1, 2027 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of American Tower Corp., Chevron Corp., International Business Machines Corp., Duke Energy Corp., Lockheed Martin Corp, Coca-Cola Co., McDonald's Corp., Pfizer Inc., Procter & Gamble Co. and Verizon Communications Inc. with equal weights.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the basket return.

Otherwise, investors will receive par.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	American Tower Corp. (AMT), Chevron Corp. (CVX), International Business Machines Corp. (IBM), Duke Energy Corp. (DUK), Lockheed Martin Corp (LMT), Coca-Cola Co. (KO), McDonald's Corp. (MCD), Pfizer Inc. (PFE), Procter & Gamble Co. (PG) and Verizon Communications Inc. (VZ); equal weights
Amount:	$2,001,000
Maturity:	Dec. 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; otherwise, par
Initial levels:	$187.72 for American Tower, $154.45 for Chevron, $184.13 for IBM, $90.65 for Duke Energy, $429.18 for Lockheed Martin, $60.71 for Coca-Cola, $297.12 for McDonald's, $27.18 for Pfizer, $160.22 for P&G and $39.69 for Verizon
Pricing date:	Feb. 26
Settlement date:	Feb. 29
Agent:	RBC Capital Markets, LLC
Fees:	2.702%
Cusip:	78017FEV1

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