By Wendy Van Sickle
Columbus, Ohio, March 20 – Royal Bank of Canada priced $426,000 of autocallable contingent coupon barrier notes due March 19, 2021 linked to the least performing of the common stocks of ConocoPhillips and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.05% if each stock closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes its initial price on any observation date after six months.
The payout at maturity will be par unless any stock finishes below its 75% trigger price, in which case investors will be fully exposed to any losses of the least-performing stock.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Autocallable contingent coupon barrier notes
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| Underlying stocks: | ConocoPhillips and Exxon Mobil Corp
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| Amount: | $426,000
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| Maturity: | March 19, 2021
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| Coupon: | 9.05%, payable quarterly if each stock closes at or above coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger price, in which case par plus return of the least-performing stock
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| Call: | At par if each stock closes above initial price on any observation date after six months
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| Initial prices: | $54.93 for ConocoPhillips and $75.12 for Exxon Mobil
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| Coupon barrier/triggers: | $41.20 for ConocoPhillips and $56.34for Exxon Mobil; 75% of initial prices
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 2.25%
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| Cusip: | 78013XGX0
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