New Issue: RBC prices $1.5 million autocallable barrier notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 1 – Royal Bank of Canada priced $1.5 million of 0% autocallable barrier notes due April 28, 2022 linked to the least performing of the Dow Jones industrial average, the S&P 500 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 9.5% a year if each index closes at or above its initial level on any annual observation date.

The payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	Dow Jones industrial average, S&P 500 and Russell 2000
Amount:	$1.5 million
Maturity:	April 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus 9.5% a year if each index closes at or above initial level on any annual observation date
Initial index levels:	24,083.83 for Dow, 2,639.4 for S&P, 1,550.467 for Russell
Barriers:	15,654.49 for Dow, 1,715.61 for S&P, 1,007.804 for Russell; 65% of initial levels
Pricing date:	April 25
Settlement date:	April 30
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XJP4

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