New Issue: RBC prices $1.07 million autocallable barrier notes linked to Nasdaq, Dow

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – Royal Bank of Canada priced $1.07 million of 0% autocallable barrier notes due Oct. 30, 2023 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 8.35% per year if each index closes at or above its initial level on any quarterly observation date.

The payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	Nasdaq-100 index and Dow Jones industrial average
Amount:	$1,065,000
Maturity:	Oct. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below barrier level, in which case 1% loss for every 1% decline of lesser-performing index from initial level
Call:	Automatically at par plus call premium of 8.35% per year if each index closes at or above initial level on any annual observation date
Initial levels:	8,029.217 for Nasdaq and 26,958.06 for Dow
Barrier levels:	5,218.991 for Nasdaq and 17,522.74 for Dow, or 65% of initial levels
Pricing date:	Oct. 25
Settlement date:	Oct. 30
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78015KGB4

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