New Issue: RBC prices $1.53 million autocallable barrier notes linked to Russell

By Sarah Lizee

Olympia, Wash., July 1 – Royal Bank of Canada priced $1.53 million of 0% autocallable barrier notes due June 26, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10% per year if the index closes at or above its initial level on any quarterly observation date.

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

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying index:	Russell 2000 index
Amount:	$1,525,000
Maturity:	June 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index finishes below barrier level, in which case full exposure to losses
Call:	Automatically at par plus call premium of 10% per year if index closes at or above initial level on any quarterly observation date
Initial level:	1,433.527
Barrier level:	931.793, or 65% of initial level
Pricing date:	June 22
Settlement date:	June 25
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78015KSP0

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