New Issue: RBC prices $561,000 of six-year barrier booster notes linked to S&P 500

By Susanna Moon

Chicago, Aug. 1 – Royal Bank of Canada priced $561,000 of 0% barrier booster notes due July 31, 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 40.1%, the payout at maturity will be par plus the index return.

If the index gains by up to 40.1%, the payout will be par plus 40.1%.

If the index finishes flat or falls by up to 25%, the payout will be par.

Otherwise, investors will be exposed to any losses.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	S&P 500
Amount:	$561,000
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains by more than 40.1%, par plus the return; if the index gains by up to 40.1%, par plus 40.1%; if index finishes flat or falls by up to 25%, par; otherwise, full exposure to any losses
Initial level:	2,477.83
Barrier level:	1,858.37, 75% of initial level
Pricing date:	July 26
Settlement date:	July 31
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012K2J5

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