New Issue: RBC prices $31.42 million capped Leveraged Index Return Notes on S&P 500

By William Gullotti

Buffalo, N.Y., April 4 – Royal Bank of Canada priced $31.42 million of 0% capped Leveraged Index Return Notes due May 31, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payout of par plus 14.26%.

If the index falls by up to 5%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$31,421,330
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain capped at 14.26%; if index falls by up to 5%, par; otherwise, 1% loss for every 1% index decline beyond 5%
Initial level:	4,050.83
Threshold level:	3,848.29; 95% of initial level
Pricing date:	March 30
Settlement date:	April 6
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78015B138

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