New Issue: RBC prices $3.66 million step down trigger autocalls on S&P, Russell

By Sarah Lizee

Olympia, Wash., Oct. 15 – Royal Bank of Canada priced $3.66 million of 0% step down trigger autocallable notes due Oct. 15, 2021 linked to the least performing of 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 of $10 plus an annual call premium of 8.9% if each index closes at or above its initial level on any annual review date or at or above its 70% downside threshold on the final date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Step down trigger autocallable notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3.66 million
Maturity:	Oct. 15, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus return with 1% loss per 1% decline of worse performing index
Call:	At par plus 8.9% per year if index closes at or above its initial level on any annual review date or above 70% downside threshold on final date
Initial levels:	2,785.68 for S&P, 1,575.412 for Russell
Trigger levels:	1,949.97 for S&P, 1,102.788 for Russell; 70% of initial levels
Pricing date:	Oct. 11
Settlement date:	Oct. 15
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	None
Cusip:	78014G633

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