New Issue: RBC sells $1.34 million digital plus barrier notes linked to General Motors

Chicago, Feb. 28 – Royal Bank of Canada priced $1.34 million of 0% digital plus barrier notes due Oct. 27, 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 80% barrier level, the payout at maturity will be par plus the greater of 18% and the stock return, with the payout capped at par plus 30%.

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:	$1,335,000
Maturity:	Oct. 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above the barrier price, par plus the greater of 18% and the stock return, capped at par plus 30%; 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:	$57.53
Barrier price:	$46.02, 80% of initial price
Pricing date:	April 23, 2021
Settlement date:	April 28, 2021
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013GL94

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