New Issue: RBC prices $15.26 million Leveraged Index Return Notes on Russell

By Marisa Wong

Los Angeles, May 4 – Royal Bank of Canada priced $15.26 million of 0% Capped Leveraged Index Return Notes due April 28, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a maximum payout of par plus 13.91%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$15,258,350
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 13.91%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial level:	2,295.456
Threshold level:	2,065.910, 90% of initial level
Final level:	Average of index closing levels on each of the five trading days ending April 25, 2023
Pricing date:	April 29
Settlement date:	May 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	78014T569

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