New Issue: RBC sells $423,000 barrier booster notes linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 1 – Royal Bank of Canada priced $423,000 of 0% barrier booster notes due March 23, 2027 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index gains by more than 25%, the payout at maturity will be par plus the gain.

If the index gains by up to 25%, the payout will be par plus 25%.

If the index finishes flat or falls by up to 25%, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	S&P 500 index
Amount:	$423,000
Maturity:	March 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains by more than 25%, par plus gain; if index gains by up to 25%, par plus 25%; if index finishes flat or falls by up to 25%, par; otherwise, full exposure to index decline
Initial level:	3,319.47
Barrier level:	2,489.60, 75% of initial level
Pricing date:	Sept. 18
Settlement date:	Sept. 23
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78015KXD1

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