New Issue: RBC sells $3.01 million barrier booster notes tied to index, ETF

By Sarah Lizee

Olympia, Wash., Jan. 30 – Royal Bank of Canada priced $3.01 million of 0% barrier booster notes due Jan. 27, 2023 linked to the worse performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset gains by more than the booster coupon, 40.5%, the payout at maturity will be par plus the return of the worse performing asset.

If the worse performing asset gains by up to the booster coupon, the payout will be par plus the booster coupon.

If either asset falls by up to the 70% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing asset.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying assets:	iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
Amount:	$3.01 million
Maturity:	Jan. 27, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains by more than the booster coupon, 40.5%, par plus the return of the worse performing asset; if the worse performing asset gains by up to the booster coupon, par plus the booster coupon; if either asset falls by up to the barrier level, par; otherwise, investors will be fully exposed to any losses of the worse performing asset
Initial levels:	$44.60 for ETF, 3,779.16 for index
Barrier levels:	$31.22 for ETF, 2,645.41 for index, 70% of initial levels
Booster coupon:	40.5%
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78015KQE7

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