New Issue: RBC prices $2.03 million geared buffered enhanced return notes linked to index basket

By William Gullotti

Buffalo, N.Y., Feb. 22 – Royal Bank of Canada priced $2.03 million of 0% geared buffered enhanced return notes due Feb. 20, 2026 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the S&P MidCap 400 index with a 25% weight, the Russell 2000 index with a 25% weight and the Nasdaq-100 index with a 10% weight.

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, capped at par plus 40%.

Investors will receive par if the basket declines by 25% or less and will lose 1.333% for every 1% that the basket declines beyond 25%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered enhanced return notes
Underlying indexes:	S&P 500 index (40% weight), S&P MidCap 400 index (25% weight), Russell 2000 index (25% weight), Nasdaq-100 index (10% weight)
Amount:	$2,025,000
Maturity:	Feb. 20, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times basket return, capped at par plus 40%; par if basket declines by 25% or less; otherwise, 1.333% loss for every 1% that basket declines beyond 25%
Initial levels:	4,147.6 for S&P 500, 2,688.53 for S&P MidCap, 1,960.969 for Russell, 12,687.89 for Nasdaq
Buffer level:	75% of initial level
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016HRB8

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