New Issue: RBC sells $3.4 million barrier booster notes linked to S&P 500, Stoxx

By Taylor Fox

New York, Aug. 26 – Royal Bank of Canada priced $3.4 million of 0% barrier booster notes due Feb. 25, 2027 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing index is flat or positive, the payout at maturity will be the greater of par plus the return of the lesser performing index and par plus 60%.

If the lesser performing index finishes flat or falls by up to 40%, the payout will be par.

If the lesser performing index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index below its the initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Euro Stoxx 50 index
Amount:	$3,399,000
Maturity:	Feb. 25, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains, greater of par plus 60% or par plus return of lesser-performing index; if lesser performing index finishes flat or falls by up to 40%, par; if lesser performing index falls by more than 40%, full exposure to decline
Initial levels:	3,876.50 for S&P, 3,699.85 for Stoxx
Barrier levels:	2,325.90 S&P, 2,219.91 for Stoxx, 60% of initial levels
Pricing date:	Feb. 22
Settlement date:	Feb. 25
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016EBY2

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