New Issue: RBC sells $3 million barrier autocallables on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Royal Bank of Canada priced $3 million of 0% autocallable barrier notes due Aug. 30, 2024 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized premium of 10% if the lesser performing index closes above its initial level on any observation date.

The payout at maturity will be par unless the lesser performing index finishes below its 65% barrier level, in which case investors will be fully exposed to any losses.

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:	$3 million
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless lesser performing index finishes below barrier level, in which case par plus return of lesser performing index with full exposure to losses
Call:	Automatically at par plus 10% a year if lesser performing index closes at or above initial level on any quarterly observation date
Initial level:	3,365.38 for Stoxx, 1,472.713 for Russell
Barrier levels:	2,187.5 for Stoxx, 957.263 for Russell, 65% of initial levels
Pricing date:	Aug. 28
Settlement date:	Aug. 30
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78015KAW4

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