New Issue: RBC prices $450,000 barrier booster notes linked to S&P, Stoxx

Chicago, Dec. 5 – Royal Bank of Canada priced $450,000 of 0% barrier booster notes due April 2, 2027 linked to the worse 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 return of the lesser performing index is greater than its initial level, the payout at maturity will be par plus the greater of the return of the lesser performing index or par plus 50%.

If the lesser performing index falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its the initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index
Amount:	$450,000
Maturity:	April 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains, par plus greater of return of that index or par plus 50%; if lesser performing index falls by up to 40%, par; otherwise, full exposure to decline of lesser performing index from initial level
Initial levels:	4,575.52 for S&P, 3,887.10 for Stoxx
Barrier levels:	2,745.31 for S&P, 2,332.26 for Stoxx; 60% of initial levels
Pricing date:	March 28
Settlement date:	March 31
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016FFU3

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