New Issue: RBC sells $10.32 million Capped Leveraged Index Return Notes on Russell

By Marisa Wong

Morgantown, W.Va., April 18 – Royal Bank of Canada priced $10.32 million of 0% Capped Leveraged Index Return Notes due March 27, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 17.35%.

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:	$10,322,890
Maturity:	March 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 17.35%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:	1,513.031
Pricing date:	March 28
Settlement date:	April 5
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F791

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