New Issue: RBC sells $880,000 notes on basket of 20 Raymond James stock picks

By Marisa Wong

Los Angeles, March 24 – Royal Bank of Canada priced $880,000 of 0% notes due Aug. 24, 2022 linked to Raymond James securities selections, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are linked to an equally weighted basket of 20 common stocks selected by Raymond James.

The reference shares are Alaska Air Group, Inc., Avnet, Inc., AutoZone, Inc., Cadence Bancorp., Cigna Corp., Eagle Materials Inc., Healthcare Realty Trust Inc., Jabil Inc., KB Home, MDC Holdings, Inc., Mohawk Industries, Inc., Maximus, Inc., National Retail Properties, Inc., Old Republic International Corp., Dave & Buster’s Entertainment, Inc., PROG Holdings, Inc., Construction Partners, Inc., Synnex Corp., Wesco International, Inc. and Wintrust Financial Corp.

The final share price for each stock is the sum of its closing price on the valuation date and its dividend amount.

The payout at maturity will be par times 98.85% of the basket level percentage. Because of the 98.85% participation rate, investors will receive less than par if the basket does not gain by at least 1.17%.

RBC Capital Markets, LLC is the agent. Raymond James will handle distribution.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	Alaska Air Group, Inc. (Symbol: ALK), Avnet, Inc. (Symbol: AVT), AutoZone, Inc. (Symbol: AZO), Cadence Bancorp. (Symbol: CADE), Cigna Corp. (Symbol: CI), Eagle Materials Inc. (Symbol: EXP), Healthcare Realty Trust Inc. (Symbol: HR), Jabil Inc. (Symbol: JBL), KB Home (Symbol: KBH), MDC Holdings, Inc. (Symbol: MDC), Mohawk Industries, Inc. (Symbol: MHK), Maximus, Inc. (Symbol: MMS), National Retail Properties, Inc. (Symbol: NNN), Old Republic International Corp. (Symbol: ORI), Dave & Buster’s Entertainment, Inc. (Symbol: PLAY), PROG Holdings, Inc. (Symbol: PRG), Construction Partners, Inc. (Symbol: ROAD), Synnex Corp. (Symbol: SNX), Wesco International, Inc. (Symbol: WCC) and Wintrust Financial Corp. (Symbol: WTFC); equally weighted
Amount:	$880,000
Maturity:	April 24, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par times 98.85% of the basket level percentage; investors will receive less than par if the basket does not gain by at least 1.17%
Initial share prices:	$62.28 for Alaska Air, $38.53 for Avnet, $1,205.73 for AutoZone, $20.70 for Cadence, $204.26 for Cigna, $125.46 for Eagle Materials, $29.26 for Healthcare Realty, $44.55 for Jabil, $42.37 for KB Home, $57.57 for M.D.C., $171.90 for Mohawk, $82.14 for Maximus, $42.25 for National Retail, $19.78 for Old Republic, $38.89 for Dave & Buster’s, $48.51 for PROG, $27.39 for Construction Partners, $88.41 for Synnex, $81.53 for Wesco, $68.84 for Wintrust
Final price:	For each stock, sum of closing price on Aug. 19, 2022 and its dividend amount
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Agent:	RBC Capital Markets, LLC with distribution through Raymond James
Fees:	None
Cusip:	78013GH32

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