New Issue: RBC prices $5.02 million geared buffered booster notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 25 – Royal Bank of Canada priced $5.02 million of 0% geared buffered booster notes due April 24, 2020 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 each index finishes at or above 85% of its initial level, the payout at maturity will be par plus 7.7%.

Otherwise, investors will lose 1.1764706% per 1% decline of the worse performing index beyond the geared buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered booster notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$5,017,000
Maturity:	April 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above buffer level, par plus 7.7%; otherwise, 1.1764706% loss per 1% decline of worse performing index
Initial levels:	2,854.88 for S&P, 1,562.412 for Russell
Buffer levels:	2,426.65 for S&P, 1,328.05 for Russell, 85% of initial levels
Pricing date:	March 21
Settlement date:	March 26
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78013X3V8

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