New Issue: RBC prices $2.19 million 6.4% barrier notes tied to 10-year U.S. dollar ICE Swap rate

By Wendy Van Sickle

Columbus, Ohio, May 11 – Royal Bank of Canada priced $2.19 million of 6.4% barrier notes due May 17, 2017 linked to the 10-year U.S. dollar ICE Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the final reference rate is less than 1.175%, in which case investors will be fully exposed to the difference.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier notes
Underlying rate:	10-year U.S. dollar ICE Swap rate
Amount:	$2,185,000
Maturity:	May 17, 2017
Coupon:	6.4%, payable monthly
Price:	Varying
Payout at maturity:	Par unless the final reference rate is less than 1.175%, in which full exposure to the difference
Pricing date:	May 10
Settlement date:	May 17
Underwriter:	RBC Capital Markets, LLC
Fees:	Varying
Cusip:	78012KMX2

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