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Published on 3/22/2023 in the Prospect News Structured Products Daily.

New Issue: RBC prices $12.68 million market-linked notes tied to weighted index basket

By William Gullotti

Buffalo, N.Y., March 22 – Royal Bank of Canada priced $12.68 million of 0% market-linked notes due March 19, 2026 linked to a weighted 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 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

The payout at maturity will be par plus 1.11 times any basket gain.

If the basket falls, the payout will be par.

RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.

Issuer:Royal Bank of Canada
Issue:Market-linked notes
Underlying indexes:Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:$12,678,000
Maturity:March 19, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.11 times any basket gain; otherwise, par
Initial levels:4,116.98 for Stoxx, 27,010.61 for Nikkei, 7,410.03 for FTSE, 10,719.1 for Swiss Market, 6,965.538 for S&P/ASX
Pricing date:March 16
Settlement date:March 20
Agents:RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:2.5%
Cusip:78016HTP5

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