New Issue: RBC prices $2.29 million buffered return notes linked to a two index basket

By William Gullotti

Buffalo, N.Y., Dec. 13 – Royal Bank of Canada priced $2.29 million of 0% buffered return notes due June 11, 2025 linked to a basket consisting of the S&P 500 index with a 70% weight and the Russell 2000 index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes at or above its 90% buffer level, the payout at maturity will be par plus 11.5%.

Otherwise, investors will lose 1% for each 1% basket decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying basket:	S&P 500 index (70% weight), Russell 2000 index (30% weight)
Amount:	$2,291,000
Maturity:	June 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above buffer level, par plus 11.5%; otherwise, 1% loss per 1% decline beyond 10%
Initial levels:	4,549.34 for S&P, 1,852.05 for Russell
Buffer level:	90% of initial level
Pricing date:	Dec. 6
Settlement date:	Dec. 11
Underwriter:	RBC Capital Markets, LLC
Fees:	1.875%
Cusip:	78017F2X0

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