New Issue: RBC prices $1.4 million barrier enhanced return notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, May 24 – Royal Bank of Canada priced $1.4 million of 0% barrier enhanced return notes due Oct. 18, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index return is positive, the payout at maturity will be par plus 150% of the return capped at 35%. Investors will receive par if the lesser-performing index declines by 30% or less and will lose 1% for every 1% that the lesser-performing index declines from initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1.4 million
Maturity:	Oct. 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 150% of lesser-performing index return, subject to a maximum payout of par plus 35%; par if lesser-performing index declines by 30% or less; 1% loss for every 1% that lesser-performing index declines from initial level
Initial levels:	4,471.37 for S&P, 2,265.654 for Russell
Barrier levels:	3,129.96 for S&P, 1,585.958 for Russell; 70% of initial levels
Pricing date:	Oct. 15, 2021
Settlement date:	Oct. 20, 2021
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78016F2P8

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