New Issue: RBC prices $6.1 million 5.75% trigger callable yield notes linked to three indexes

By Wendy Van Sickle

Columbus, Ohio, March 21 – Royal Bank of Canada priced $6.1 million of 5.75% trigger callable yield notes due Sept. 24, 2019 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.

The notes are callable at par on any quarterly call date beginning June 19, 2017.

The payout at maturity will be par of $10 unless any index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

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:	$6.1 million
Maturity:	Sept. 24, 2019
Coupon:	5.75%, payable quarterly
Price:	Par of $10
Call option:	At par on any quarterly call date beginning June 19, 2017
Payout at maturity:	If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
Initial levels:	3,448.41 for Stoxx, 1,391.524 for Russell and 2,378.25 for S&P
Trigger levels:	2,069.05 for Stoxx, 834.914 for Russell and 1,426.95 for S&P; 60% of initial levels
Pricing date:	March 17
Settlement date:	March 24
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1.5%
Cusip:	78014E539

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