New Issue: RBC prices $2.11 million notes linked to basket of ten stocks

By William Gullotti

Buffalo, N.Y., Sept. 8 – Royal Bank of Canada priced $2.11 million of 0% notes due Sept. 5, 2025 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Applied Materials, Inc., Advanced Micro Devices, Inc., Amazon.com, Inc., Salesforce, Inc., CrowdStrike Holdings, Inc., Datadog, Inc., Microsoft Corp., Marvell Technology, Inc., Nvidia Corp. and Palo Alto Networks, Inc.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 22%.

Otherwise, investors will receive par.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying basket:	Applied Materials, Inc., Advanced Micro Devices, Inc., Amazon.com, Inc., Salesforce, Inc., CrowdStrike Holdings, Inc., Datadog, Inc., Microsoft Corp., Marvell Technology, Inc., Nvidia Corp., Palo Alto Networks, Inc.; equal weights
Amount:	$2,111,000
Maturity:	Sept. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 22%; otherwise, par
Initial levels:	$153.99 for Applied Materials, $109.45 for AMD, $138.12 for Amazon, $221.53 for Salesforce, $161.23 for CrowdStrike, $97.73 for Datadog, $57.95 for Marvell, $328.66 for Microsoft, $485.09 for Nvidia, $242.72 for Palo Alto
Pricing date:	Sept. 1
Settlement date:	Sept. 7
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016NXC6

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