New Issue: RBC sells $1.25 million barrier booster notes linked to S&P 500, Dow

By Marisa Wong

Los Angeles, March 9 – Royal Bank of Canada priced $1.25 million of 0% barrier booster notes due March 4, 2026 linked to the worse performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing index is greater than 52%, the payout at maturity will be par plus the return of the lesser performing index.

If the return of the lesser performing index is positive but does not exceed 52%, the payout will be par plus 52%.

If the lesser performing index finishes flat or falls by up to 30%, the payout will be par.

If the lesser performing index falls by more than 30%, investors will lose 1% for every 1% decline of the lesser performing index below its the initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$1.25 million
Maturity:	March 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains by more than 52%, par plus that gain; if lesser performing index increases by up to 52%, par plus 52%; if lesser performing index finishes flat or falls by up to 30%, par; if lesser performing index falls by more than 30%, full exposure to decline
Initial levels:	2,954.22 for S&P, 25,409.36 for Dow
Barrier levels:	2,067.95 S&P, 17,786.55 for Dow, 70% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	RBC Capital Markets, LLC
Fees:	1.45%
Cusip:	78015KKU7

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