New Issue: RBC sells $8.5 million 5.7% fixed-coupon barrier notes tied to General Electric

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Royal Bank of Canada priced $8.5 million of 5.7% fixed-coupon barrier notes due Nov. 30, 2022 tied to the shares of the General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

At maturity investors will receive par unless the stock finishes below its 50% barrier price, in which case investors will be fully exposed to the decline in the stock price.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Fixed-coupon barrier notes
Underlying stock:	General Electric Co.
Amount:	$8.5 million
Maturity:	Nov. 30, 2022
Coupon:	5.7% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case full exposure to loss of stock
Initial price:	$10.50
Barrier level:	$5.25, 50% of initial levels
Pricing date:	Nov. 25
Settlement date:	Nov. 30
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016EQK6

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