New Issue: RBC sells $2.03 million barrier booster notes linked to S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Royal Bank of Canada priced $2.03 million of 0% barrier booster notes due Oct. 29, 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 greater than 58%, the payout at maturity will be par plus the return of the lesser performing index.

If the return of the lesser performing index is positive but does not exceed 58%, the payout will be par plus 58%.

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 index, Euro Stoxx 50 index
Amount:	$2,029,000
Maturity:	Oct. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains by more than 58%, par plus that gain; if lesser performing index increases by up to 58%, par plus 58%; 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:	4,223.97 for Stoxx, 4,574.79 for S&P
Barrier levels:	2,534.38 for Stoxx, 2,744.87 for S&P; 60% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016F3K8

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