New Issue: RBC prices $5.95 million autocallable barrier notes tied to Stoxx, Russell

By Sarah Lizee

Olympia, Wash., June 4 – Royal Bank of Canada priced $5.95 million of 0% autocallable barrier notes due June 3, 2024 linked to the lesser performing of the Euro Stoxx 50 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 10% per year if each index closes at or above its initial level on any quarterly observation date.

The payout will be par unless any index has finished below its 63.5% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	Russell 2000 index and Euro Stoxx 50 index
Amount:	$5.95 million
Maturity:	June 3, 2024
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 10% per year if each index closes at or above initial level on any quarterly observation date
Initial index levels:	1,489.952 for Russell, 3,297.81 for Stoxx
Barrier levels:	946.12 for Russell, 2,094.11 for Stoxx; 63.5% of initial levels
Pricing date:	May 29
Settlement date:	May 31
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78013XNV6

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