New Issue: RBC prices $2.2 million barrier enhanced return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 2 – Royal Bank of Canada price $2.2 million of 0% barrier enhanced return notes due March 1, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 116% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 50% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 50% barrier level.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Basket components:	S&P 500 and Russell 2000
Amount:	$2,195,000
Maturity:	March 1, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 116% of any gain of lesser-performing index; par if lesser-performing index falls by up to 50%; full exposure to loss if lesser-performing falls by more than 50%
Initial index levels:	2,367.34 for S&P and 1,394.525 for Russell
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KB48

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