New Issue: RBC prices $909,000 barrier booster notes linked to S&P 500, Dow

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – Royal Bank of Canada priced $909,000 of 0% barrier booster notes due July 31, 2025 linked to the worse performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 41%.

If either index falls by up to 40%, the payout will be par.

Otherwise, investors will be exposed to any losses of the worse performing index.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$909,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 41%; if either index falls by up to 40%, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	3,025.86 for S&P, 27,192.45 for Dow
Barrier levels:	1,815.52 for S&P, 16,315.47 for Dow, 60% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78013XW38

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