New Issue: RBC prices $5.27 million 5% trigger callable yield notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., April 12 – Royal Bank of Canada priced $5.27 million of 5% trigger callable yield notes due April 13, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If each index finishes at or above its trigger level, 60% of its initial level, the payout at maturity will be par of $10. If any index finishes below its trigger level, investors will be fully exposed to the decline of the least-performing index.

The notes are callable at par on any quarterly call notice date.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Trigger callable yield notes
Underlying indexes:	Euro Stoxx 50, Russell 2000 and S&P 500
Amount:	$5.27 million
Maturity:	April 13, 2018
Coupon:	5%, payable quarterly
Price:	Par of $10
Payout at maturity:	If each index finishes at or above trigger level, par; if any index finishes below trigger level, full exposure to decline of least-performing index
Initial levels:	2,911.98 for Euro Stoxx 50, 1,097.314 for Russell 2000 and 2,047.60 for S&P 500
Trigger levels:	1,747.19 for Euro Stoxx 50, 658.388 for Russell 2000 and 1,228.56 for S&P 500; 60% of initial levels
Pricing date:	April 8
Settlement date:	April 13
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1.4%
Cusip:	78014C137

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