RBC to price contingent coupon barrier notes on General Electric

By Tali Rackner

Minneapolis, Jan. 5 – Royal Bank of Canada plans to price callable contingent coupon barrier notes due Nov. 21, 2019 linked to the common stock of General Electric Co., 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% if the stock closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes may be called on any coupon payment date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 75% trigger price, in which case investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent.

The notes are expected to price on Jan. 26 and settle on Jan. 31.

The Cusip number is 40055ACM7.

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