New Issue: RBC sells $240,000 return notes linked to basket of 32 stocks

By Kiku Steinfeld

Chicago, July 15 – Royal Bank of Canada priced $240,000 of 0% return notes due July 14, 2022 linked to an unequally weighted basket of 32 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks are Apple Inc. (6.248% weight), Analog Devices, Inc. (1.859% weight), Ansys, Inc. (0.92% weight), Amphenol Corp. (1.48% weight), Altice USA, Inc. (0.73% weight), Broadcom Inc. (5.498% weight), Crown Castle International Corp. (2.119% weight), Cadence Design Systems, Inc. (1.21% weight), Charter Communications, Inc. (2.369% weight), Cisco Systems, Inc. (6.248% weight), DISH Network Corp. (2.079% weight), Fortinet, Inc. (0.87% weight), Corning Inc. (1.37% weight), Intel Corp. (6.248% weight), iQIYI, Inc. (1.64% weight), Juniper Networks, Inc. (0.98% weight), Keysight Technologies, Inc. (4.959% weight), Liberty Global plc (0.48% weight), Marvell Technology Group Ltd. (3.029% weight), Micron Technology, Inc. (5.638% weight), NXP Semiconductors NV (3.099% weight), ON Semiconductor Corp. (0.74% weight), Qualcomm Inc. (6.248% weight), Qorvo, Inc. (2.899% weight), SBA Communications Corp. (2.679% weight), Synopsys, Inc. (0.97% weight), Skyworks Solutions, Inc. (1.689% weight), AT&T Inc. (6.248% weight), T-Mobile US, Inc. (6.248% weight), VMware, Inc. (1.19% weight), Verizon Communications Inc. (6.248% weight) and Xilinx, Inc. (5.768% weight).

For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) the basket adjustment factor of 101.7%.

Because the basket adjustment factor is 101.7%, investors will lose some or all of the principal amount at maturity if the basket return reflects a decline in the closing level of the basket of more than about 1.672%.

RBC Capital Markets, LLC is the agent. with J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA acting as the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Return notes
Underlying basket:	Apple Inc. (6.248% weight), Analog Devices, Inc. (1.859% weight), Ansys, Inc. (0.92% weight), Amphenol Corp. (1.48% weight), Altice USA, Inc. (0.73% weight), Broadcom Inc. (5.498% weight), Crown Castle International Corp. (2.119% weight), Cadence Design Systems, Inc. (1.21% weight), Charter Communications, Inc. (2.369% weight), Cisco Systems, Inc. (6.248% weight), DISH Network Corp. (2.079% weight), Fortinet, Inc. (0.87% weight), Corning Inc. (1.37% weight), Intel Corp. (6.248% weight), iQIYI, Inc. (1.64% weight), Juniper Networks, Inc. (0.98% weight), Keysight Technologies, Inc. (4.959% weight), Liberty Global plc (0.48% weight), Marvell Technology Group Ltd. (3.029% weight), Micron Technology, Inc. (5.638% weight), NXP Semiconductors NV (3.099% weight), ON Semiconductor Corp. (0.74% weight), Qualcomm Inc. (6.248% weight), Qorvo, Inc. (2.899% weight), SBA Communications Corp. (2.679% weight), Synopsys, Inc. (0.97% weight), Skyworks Solutions, Inc. (1.689% weight), AT&T Inc. (6.248% weight), T-Mobile US, Inc. (6.248% weight), VMware, Inc. (1.19% weight), Verizon Communications Inc. (6.248% weight) and Xilinx, Inc. (5.768% weight)
Amount:	$240,000
Maturity:	July 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	(a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 101.7%
Pricing date:	July 10
Settlement date:	July 15
Agent:	RBC Capital Markets, LLC with J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	78013GWU5

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