New Issue: RBC sells $768,000 market-linked autocallables on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, May 14 – Royal Bank of Canada priced $768,000 of 0% market-linked securities – autocallable with fixed percentage buffered downside due May 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8.4% if the index closes at or above its initial level on any of three annual observation dates.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market linked securities – autocallable with fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$768,000
Maturity:	May 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 10%, in which case exposure to any losses beyond 10%
Call:	At par plus an annual call premium of 8.4% if index closes at or above its initial level on any of three annual observation dates
Initial index level:	3,536.52
Buffer level:	3,182.868, 90% of initial level
Pricing date:	April 30
Settlement date:	May 3
Agent:	Wells Fargo Securities LLC
Fees:	2.95%
Cusip:	78013XHY7

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