New Issue: RBC sells $1.03 million barrier booster notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., July 10 – Royal Bank of Canada priced $1.03 million of 0% barrier booster notes due June 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than 39.7%, the payout at maturity will be par plus the index return.

If the index gains by up to 39.7%, the payout will be par plus 39.7%.

If the index finishes flat or falls by up to 30%, the payout will be par.

Otherwise, investors will be exposed to any losses.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	S&P 500
Amount:	$1,025,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains by more than 39.7%, par plus the return; if the index gains by up to 39.7%, par plus 39.7%; if index finishes flat or falls by up to 30%, par; otherwise, full exposure to any losses
Initial level:	2,419.38
Barrier level:	1,693.57, 70% of initial level
Pricing date:	June 27
Settlement date:	June 30
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KV95

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