New Issue: RBC prices $3 million of 4.4% trigger callable yield notes linked to three indexes

By Sarah Lizee

Olympia, Wash., Feb. 18 – Royal Bank of Canada priced $3 million of 4.4% trigger callable yield notes due Feb. 16, 2022 linked to the least performing of the Nasdaq-100 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 coupon payment date.

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:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$3 million
Maturity:	Feb. 16, 2022
Coupon:	4.4%, payable quarterly
Price:	Par of $10
Call option:	At par on any coupon payment date
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:	3,357.75 for S&P, 1,677.515 for Russell, 9,517.861 for Nasdaq
Trigger levels:	2,014.65 for S&P, 1,006.509 for Russell, 5,710.717 for Nasdaq; 60% of initial levels
Pricing date:	Feb. 11
Settlement date:	Feb. 14
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1%
Cusip:	78014K519

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