New Issue: RBC sells $100,000 autocallable barrier notes on S&P, Stoxx

By Kiku Steinfeld

Chicago, May 19 – Royal Bank of Canada priced $100,000 of 0% autocallable barrier notes due April 30, 2026 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 7.5% if both indexes close at or above their initial levels on any quarterly observation date after one year.

If the notes are not called, the payout at maturity will be par unless the final level of either index is less than 70% of the initial level, in which case investors will lose 1% for each 1% decline from the initial level of the lesser performing index.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	S&P 500 index and Euro Stoxx 50 index
Amount:	$100,000
Maturity:	April 30, 2026
Coupon:	0%
Price:	Par
Call:	At par plus 7.5% annualized call premium if indexes close at or above initial levels on any quarterly observation date beginning after one year
Payout at maturity:	Par unless the final level of either index is less than its trigger level, in which case investors will lose 1% for each 1% decline from the initial level of the lesser performing index
Initial levels:	4,011.91 for Stoxx, 4,186.72 for S&P
Trigger levels:	2,808.34 for Stoxx, 2,930.70 for S&P, 70% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016EVG9

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