New Issue: RBC prices $7.64 million capped Leveraged Index Return Notes tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – Royal Bank of Canada priced $7.64 million of 0% capped Leveraged Index Return Notes due Sept. 27, 2019 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 14.48%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000
Amount:	$7,644,290
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, up to a maximum return of 14.48%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	1,488.786
Threshold value:	1,339.907, 90% of initial level
Final level:	Average of closing levels on five trading dates ending Sept. 24, 2019
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F858

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