New Issue: RBC prices $815,000 autocallable notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Royal Bank of Canada priced $815,000 of 0% autocallable notes due Sept. 2, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 6.55% annualized call premium if the index closes at or above its initial level on either of the first two annual call valuation dates. On the third and final valuation date, if the index closes at or above its initial level, the payout will be par plus the greater of 19.65% and the index return.

Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500
Amount:	$815,000
Maturity:	Sept. 2, 2021
Coupon:	0%
Price:	Par
Call:	Automatically at par plus a 6.55% annualized call premium if index closes at or above its initial level either of first two yearly call valuation date
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of 19.65% and index return; 1% loss for every 1% that final index level is less than initial index level
Initial index level:	2,914.04
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XB49

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