New Issue: RBC prices $16.39 million geared buffered autocalls on Nasdaq, Russell

New York, Jan. 9 – Royal Bank of Canada priced $16.39 million of 7.8% autocallable geared buffered notes due June 11, 2025 linked to the worst performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be called automatically at par plus the coupon if each index closes at or above its initial level on any semiannual observation date.

The payout at maturity will be par unless the worst performing index declines by more than its 25% buffer in which case investors will lose 1.33% for every 1% decline of the worst performing index beyond the buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable geared buffered notes
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$16,386,000
Maturity:	June 11, 2025
Coupon:	7.8% per year, payable semiannually
Price:	Par
Payout at maturity:	If worst performing index gains or falls by up to 25%, par; otherwise, 1.33% loss for every 1% decline of worst performing index beyond 25%
Call:	Automatically at par if each index closes at or above initial level on any semiannual review date
Downside leverage:	1.33
Initial levels:	15,788.05 for Nasdaq, 1,852.050 for Russell
Buffer levels:	11,841.04 for Nasdaq, 1,389.038 for Russell, 75% of initial levels
Strike date:	Dec. 6
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Agent:	RBC Capital Markets, LLC
Fees:	0.15%
Cusip:	78017F4X8

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