New Issue: RBC prices $759,000 buffered booster absolute return notes tied to S&P, Stoxx

By Tali Rackner

Minneapolis, March 6 – Royal Bank of Canada priced $759,000 of 0% buffered booster absolute return notes due Feb. 28, 2023 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If either index gains by more than the booster coupon of 53.5%, the payout at maturity will be par plus the return of the lesser-performing index.

If each index gains by up to the booster coupon, the payout will be par plus 53.5%.

If either index falls by up to 20%, the payout will be par plus the absolute value of the return of the lesser-performing index.

Otherwise, investors will be exposed to any losses of the lesser-performing index beyond the buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered booster absolute return notes
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$759,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If either index gains by more than 53.5%, par plus return of lesser-performing index; if each index gains by up to 53.5%, par plus 53.5%; if either index falls by up to 20%, par plus absolute return of lesser-performing index; otherwise, 1% loss per 1% decline of lesser-performing index beyond 20%
Initial levels:	2,747.30 for S&P, 3,441.46 for Stoxx
Buffer levels:	2,197.84 for S&P, 2,753.17 for Stoxx, 80% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78013XFS2

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