New Issue: RBC prices $1.17 million trigger securities linked to S&P 500

By William Gullotti

Buffalo, N.Y., April 19 – Royal Bank of Canada priced $1.17 million of 0% trigger securities due April 19, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any gain in the index.

If the index declines but finishes at or above the 55% downside threshold, the payout will be par. Otherwise, investors will be fully exposed to index’s decline from its initial level.

RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.

Issuer:	Royal Bank of Canada
Issue:	Trigger securities
Underlying index:	S&P 500
Amount:	$1,170,500
Maturity:	April 19, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain; par if index declines but does not finish below downside threshold; otherwise, full exposure to decline
Initial level:	4,392.59
Downside threshold:	2,415.92; 55% of initial level
Pricing date:	April 14
Settlement date:	April 21
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	78016C630

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