New Issue: RBC sells $1.82 million leveraged buffered notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, April 26 – Royal Bank of Canada priced $1.82 million of 0% leveraged buffered notes due Oct. 28, 2020 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 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 170% of any basket gain, up to a maximum payout of $1,367.20 for each $1,000 principal amount.

Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount :	$1,815,000
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any basket gain, up to a maximum payout of $1,367.20 for each $1,000 principal amount; par if basket falls by up to 15%; 1.765% loss for every 1% drop beyond 15%
Initial levels:	3,502.63 for Stoxx, 1,612.05 for Topix, 7,471.75 for FTSE, 9,655.67 for Swiss and 6,382.143 for S&P/ASX
Pricing date:	April 24
Settlement date:	May 1
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013X5W4

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