New Issue: RBC sells $1.62 million bullish barrier booster notes linked to indexes

By Susanna Moon

Chicago, Feb. 25 – Royal Bank of Canada priced $1.62 million of 0% bullish barrier booster notes due Feb. 25, 2021 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index.

If the basket gains by more than 30%, the payout at maturity will be par plus the index return.

If the basket gains by up to 30%, the payout will be par plus 30%.

If the basket falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier booster notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$1,615,000
Maturity:	Feb. 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is greater than 30%, par plus gain; if basket gains by up to 30%, par plus 30%; if index falls by up to 30%, par; otherwise, full exposure to any losses
Initial levels:	1,945.50 for S&P, 16,620.66 for Dow and 4,231.27 for Nasdaq
Barrier level:	70% of initial level
Pricing date:	Feb. 22
Settlement date:	Feb. 25
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KLM7

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