New Issue: RBC prices $1.9 million contingent market-linked securities linked to three indexes

By William Gullotti

Buffalo, N.Y., Oct. 26 – Royal Bank of Canada priced $1.9 million of 0% market-linked securities – contingent fixed return and contingent downside due Sept. 23, 2027 linked to the performance of the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes flat or positive, the payout at maturity will be par plus 53%.

Investors will receive par if the worst performer declines up to 30% and be fully exposed to the decline of the worst performer if it declines beyond 30%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – contingent fixed return and contingent downside
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Dow Jones industrial average
Amount:	$1,895,000
Maturity:	Sept. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus 53%; if worst performer falls up to 30%, par; otherwise, 1% loss for every 1% decline of worst performer from initial level
Initial levels:	3,873.33 for S&P, 11,861.38 for Nasdaq, 30,822.42 for Dow
Threshold levels:	2,711.331 for S&P, 8,302.966 for Nasdaq, 21,575.694 for Dow; 70% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Wells Fargo Securities, LLC
Fees:	3.99%
Cusip:	78016FTQ7

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