New Issue: RBC prices $2.1 million buffered return notes tied to a basket of tech stocks

By William Gullotti

Buffalo, N.Y., Dec. 21 – Royal Bank of Canada priced $2.1 million of 0% buffered return notes due Jan. 21, 2025 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Intel Corp., Cisco Systems, Inc., Alphabet Inc., Nvidia Corp. and Oracle Corp.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the basket gain with a maximum return of 17.35%.

If the basket falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for each 1% basket decline beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying basket:	Intel Corp., Cisco Systems, Inc., Alphabet Inc., Nvidia Corp., Oracle Corp.; equal weights
Amount:	$2,096,000
Maturity:	Jan. 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus the basket return capped at 17.35%; if basket falls by up to 20%, par; otherwise, 1% loss per 1% decline beyond 20%
Initial levels:	$46.16 for Intel, $49.87 for Cisco, $132.60 for Alphabet, $488.90 for Nvidia, $103.32 for Oracle
Barrier level:	80% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Underwriter:	RBC Capital Markets, LLC
Fees:	0.65%
Cusip:	78017F2W2

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