New Issue: RBC prices $50,000 contingent digital return buffer notes linked to Union Pacific

By Wendy Van Sickle

Columbus, Ohio, May 18 – Royal Bank of Canada priced $50,000 of 0% contingent digital return buffer notes due June 1, 2021 tied to the common stock of Union Pacific Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 15%, the payout at maturity will be par plus 7.5%. Otherwise, investors will receive 77.02 Union Pacific shares.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Union Pacific Corp.
Amount:	$50,000
Maturity:	June 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 15%, par plus 7.5%; otherwise, 77.02 Union Pacific shares
Initial share price:	$152.74
Buffer level:	$129.83, 85% of initial level
Final share price:	Average of closing share prices on five trading days ending May 26, 2021
Pricing date:	May 14
Settlement date:	May 19
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GVW2

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