New Issue: RBC sells $900,000 barrier booster notes linked to S&P 500, Stoxx 50

New York, July 19 – Royal Bank of Canada priced $900,000 of 0% barrier booster notes due July 19, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index gains, the payout at maturity will be the greater of par plus 72% and par plus the return of the lesser performing index.

If the lesser performing index declines but finishes at or above 70% of its initial level, the payout at maturity will be par.

Otherwise the payout will be par less 1% for each 1% decline in the lesser performing index.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$900,000
Maturity:	July 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains, greater of par plus return of lesser performing index and par plus 72%; if lesser performing index declines but finishes at or above 70% of initial level, par; otherwise, full exposure to any losses
Initial levels:	2,459.27 for S&P 500, 3,525.94 for Euro Stoxx 50
Barrier levels:	1,721.49 for S&P 500, 2,468.16 for Euro Stoxx 50; 70% of initial levels
Pricing date:	July 14
Settlement date:	July 19
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012K2G1

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