New Issue: RBC prices $3.72 million barrier autocallables linked to Stoxx, Russell

By Susanna Moon

Chicago, March 8 – Royal Bank of Canada priced $3.72 million of 0% autocallable barrier notes due March 3, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8.23% if each index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless either index finishes below the 70% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$3,722,000
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below 70% barrier level, in which case full exposure to any losses of lesser performing index
Call:	At par plus 8.23% annualized if each index closes at or above initial level on any quarterly date beginning Feb. 28, 2018
Initial levels:	3,309.30 for Stoxx, 1,407.97 for Russell
Barrier levels:	2,316.51 for Stoxx, 985.579 for Russell; 70% of initial levels
Pricing date:	Feb. 27
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KC47

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