New Issue: RBC sells $700,000 digital plus barrier notes linked to General Motors

By Marisa Wong

Los Angeles, Oct. 5 – Royal Bank of Canada priced $700,000 of 0% digital plus barrier notes due March 25, 2022 tied to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the 70% barrier level, the payout at maturity will be par plus the greater of 10% and the stock return, with the payout capped at par plus 30.5%.

If the stock finishes below the barrier level, investors will receive a number of shares of General Motors stock equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying stock:	General Motors Co. (Symbol: GM)
Amount:	$700,000
Maturity:	March 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above the barrier price, par plus the greater of 10% and the stock return, capped at par plus 30.5%; otherwise, a number of shares of General Motors stock equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares
Initial price:	$29.44
Barrier price:	$20.61, 70% of initial price
Pricing date:	Sept. 22
Settlement date:	Sept. 25
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013GXV2

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