New Issue: RBC prices $700,000 autocallable barrier notes tied to the Dow, Nasdaq

By Marisa Wong

Morgantown, W.Va., Oct. 17 – Royal Bank of Canada priced $700,000 of 0% autocallable barrier notes due Oct. 20, 2022 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 8.7% per year if each index closes at or above its initial level on any annual observation date.

The payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable barrier notes
Underlying indexes:	Dow Jones industrial average and the Nasdaq 100 index
Amount:	$700,000
Maturity:	Oct. 20, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus 8.7% per year if each index closes at or above initial level on any annual observation date
Initial index levels:	25,250.55 for Dow, 7,068.670 for Nasdaq
Barrier levels:	16,412.86 for Dow, 4,594.636 for Nasdaq; 65% of initial levels
Pricing date:	Oct. 15
Settlement date:	Oct. 18
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013XP36

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