New Issue: RBC prices $9.3 million of capped Mitts linked to Dow

By William Gullotti

Buffalo, N.Y., Jan. 3 – Royal Bank of Canada priced $9.3 million of 0% capped Market Index Target-Term Securities due Dec. 29, 2028 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, subject to a maximum return of par plus 81.1%.

If the index falls, the payout will be par.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Capped Market Index Target-Term Securities
Underlying index:	Dow Jones industrial average
Amount:	$9,296,020
Maturity:	Dec. 29, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus the return capped at 81.1%; par if index falls or is flat
Initial level:	33,027.49
Pricing date:	Dec. 22
Settlement date:	Dec. 30
Underwriter:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	78015B260

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