New Issue: RBC sells $1.17 million barrier booster notes linked to S&P, Stoxx

By Kiku Steinfeld

Chicago, Dec. 29 – Royal Bank of Canada priced $1.17 million of 0% barrier booster notes due Aug. 31, 2027 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index gains by more than 57%, the payout at maturity will be par plus its gain.

If the lesser performer finishes flat or gains by up to 57%; the payout will be par plus a 57% booster payment.

If the lesser performing index falls below its 60% barrier level, the payout will be par.

Otherwise, investors will be exposed to the losses of the lesser performer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index
Amount:	$1,167,000
Maturity:	Aug. 31, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If any index gains by more than 57%, par plus its gain; if lesser performer finishes flat or gains by up to 57%, par plus 57% booster; if lesser performer falls below 60%, par; otherwise, full exposure to lowest return
Initial levels:	4,169.87 for Stoxx, 4,470.00 for S&P
Barrier levels:	2,501.92 for Stoxx, 2,682.00 for S&P; 60% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016EXR3

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