New Issue: RBC prices $5.13 autocallable geared buffered notes on indexes

Chicago, April 8 – Royal Bank of Canada priced $5.13 million of autocallable geared buffered notes due Oct. 6, 2025 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus 12.25% per year if each index closes at or above its initial level on any semiannual review date.

The maturity date premium is 18.375%.

If the notes are not called and the worst-performing index finishes at or above its 80% buffer, investors will receive par plus the coupon.

Otherwise, investors will lose 1.25% for every 1% decline of the worst performer beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable geared buffered notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$5,130,000
Maturity:	Oct. 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If called, par plus 18.375%; if worst-performing index falls by up to 20%, par plus coupon; otherwise, 1.25% loss for every 1% decline of worst performer beyond 20%
Call:	Automatically at par plus 12.25% per year if each index closes at or above initial level on any semiannual review date
Initial levels:	2,102.837 for Russell, 5,243.77 for S&P
Buffer levels:	1,682.27 for Russell, 4,195.02 for S&P; 80% of initial levels
Strike date:	April 1
Pricing date:	April 2
Settlement date:	April 5
Agent:	RBC Capital Markets, LLC
Fees:	0.15%
Cusip:	78017FSA2

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