New Issue: RBC prices $5.4 million barrier booster notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 6 – Royal Bank of Canada priced $5.4 million of 0% barrier booster notes due March 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than 47%, the payout at maturity will be par plus the return.

If the index gains by up to 47%, the payout will be par plus 47%.

If the index falls by up to 30%, the payout will be par.

Otherwise, investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	S&P 500
Amount:	$5,397,000
Maturity:	March 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains by more than 47%, par plus the return; if index gains by up to 47%, par plus 47%; if index falls by up to 30%, par; otherwise, full exposure to any losses
Initial index level:	2,367.34
Barrier level:	1,657.14, 70% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KZS9

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