New Issue: RBC prices $1 million booster notes linked to Euro Stoxx

By William Gullotti

Buffalo, N.Y., Feb. 11 – Royal Bank of Canada priced $1 million of 0% booster notes due April 12, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than the 66% booster, the payout at maturity will be par plus the index return.

If the index return is flat or positive without exceeding the booster, the payout will be par plus the 66% booster.

If the index return is negative, investors will lose 1% for every 1% that the final level is less than the initial level.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Booster notes
Underlying index:	Euro Stoxx 50
Amount:	$1 million
Maturity:	April 12, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains by more than 66%, par plus index return; if index is flat or gains up to 66%, par plus 66%; otherwise, 1% loss for each 1% decline from initial level
Initial index level:	4,019.91
Pricing date:	April 19, 2021
Settlement date:	April 22, 2021
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016EXG7

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