New Issue: RBC prices $2.15 million leveraged buffered notes tied to index basket

By Marisa Wong

Morgantown, W.Va., March 29 – Royal Bank of Canada priced $2.15 million of 0% leveraged buffered notes due Dec. 13, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Tokyo Stock Price index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.

The payout at maturity will be par plus 160% of any basket gain, subject to a maximum settlement amount of $1,408 per $1,000 of notes.

Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Tokyo Stock Price (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
Amount:	$2,147,000
Maturity:	Dec. 13, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 160% of any basket gain, capped at 40.8%; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial levels:	3,429.62 for Euro Stoxx, 7,378.34 for FTSE, 1,563.42 for Topix, 8,614.86 for Swiss Market and 5,774.616 for S&P/ASX
Pricing date:	March 21
Settlement date:	March 28
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KE86

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