New Issue: RBC prices $647,000 seven-year barrier booster notes linked to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Royal Bank of Canada priced $647,000 of 0% barrier booster notes due Jan. 2, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index gains by more than 69%, the payout at maturity will be par plus the laggard index return.

If the laggard index gains by up to 69%, the payout will be par plus 69%.

If the index falls by up to 30%, the payout will be par.

Otherwise, investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$647,000
Maturity:	Jan. 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index gains by more than 69%, par plus index return; if index gains by up to 69%, par plus 69%; if index falls by up to 30%, par; otherwise, full exposure to any losses
Initial levels:	2,682.62 for S&P, 1,543.937 for Russell
Barrier levels:	1,877.83 for S&P, 1,080.756 for Russell, 70% of initial levels
Pricing date:	Dec. 27
Settlement date:	Dec. 29
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78013XBZ0

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