New Issue: RBC prices $21.64 million leveraged notes linked to Dow

By Angela McDaniels

Tacoma, Wash., May 4 – Royal Bank of Canada priced $21.64 million of 0% Leveraged Index Return Notes due April 30, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 119.7% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$21,641,200
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 119.7% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	17,830.76
Threshold value:	14,264.61, 80% of initial level
Final index level:	Average of index’s closing levels on five trading days ending April 27, 2021
Pricing date:	April 28
Settlement date:	May 5
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	78013G873

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