New Issue: RBC prices $136,000 notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., March 27 – Royal Bank of Canada priced $136,000 of 0% notes due July 6, 2028 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index’s final level is greater than its initial level, the payout at maturity will be par plus the lesser performing index’s return. If the lesser performing index’s final level is less than or equal to its initial level, the payout will be par.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$136,000
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index’s final level is greater than initial level, par plus lesser performing index’s return; otherwise, par
Initial levels:	4,450.38 for S&P and 1,888.734 for Russell
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	RBC Capital Markets, LLC
Fees:	0%
Cusip:	78016NFG7

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