New Issue: RBC sells $1.06 million leveraged buffered basket-linked notes on indexes

By Kiku Steinfeld

Chicago, July 25 – Royal Bank of Canada priced $1.06 million of 0% leveraged buffered notes due April 12, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 1.5 times the basket gain up to 30.75%.

Investors will receive par if the basket finishes flat or falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.

RBC Capital Markets, LLC is the dealer.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
Amount:	$1,060,000
Maturity:	April 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times basket gain, capped at 30.75%; par if basket finishes flat or declines by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial levels:	4,306.07 for Stoxx, 1,992.33 for Topix, 7,403.01 for FTSE, 12,875.66 for Swiss and 7,513.373 for S&P/ASX
Buffer level:	85% of initial level
Pricing date:	Dec. 30
Settlement date:	Jan. 6
Dealer:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016FBF0

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