New Issue: RBC prices $5 million 10% autocallable fixed-coupon barrier notes on two stocks

By Sarah Lizee

Olympia, Wash., March 6 – Royal Bank of Canada priced $5 million of 10% autocallable fixed-coupon barrier notes due March 2, 2023 linked to the lesser performing of the common stocks of Advanced Micro Devices, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date after six months.

The payout will be par unless any stock has finished below its 50% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing stock from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable fixed-coupon barrier notes
Underlying stockes:	Advanced Micro Devices, Inc. and Nvidia Corp.
Amount:	$4,999,000
Maturity:	March 2, 2023
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any stock has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing stock from its initial level
Call:	At par if each stock closes at or above initial level on any quarterly observation date after six months
Initial stock levels:	$47.49 for Advanced, $267.65 for Nvidia
Barrier levels:	$23.75 for Advanced, $133.83 for Nvidia; 50% of initial levels
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78015KQP2

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