New Issue: RBC sells $380,000 barrier booster notes on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., April 16 – Royal Bank of Canada priced $380,000 of 0% barrier booster notes due March 31, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index gains by more than 40.75%, the payout at maturity will be par plus that gain.

If the lesser performing index finishes flat or gains by no more than 40.75%, the payout will be par plus 40.75%.

If the lesser performing index falls by up to 20%, the payout will be par.

If the lesser performing index falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$380,000
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser performing index gains by more than 40.75%, par plus that gain; if the lesser performing index finishes flat or gains by no more than 40.75%, par plus 40.75%; if the lesser performing index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of the lesser performing index below its initial level
Initial levels:	2,612.62 for S&P, 1,513.566 for Russell
Barrier levels:	2,090.10 for S&P, 1,210.853 for Russell; 80% of initial level
Pricing date:	March 27
Settlement date:	March 29
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XHB7

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