New Issue: RBC prices $2.1 million 10% fixed coupon barrier notes tied to stock basket

By William Gullotti

Buffalo, N.Y., Feb. 26 – Royal Bank of Canada priced $2.1 million of 10% fixed coupon barrier notes due Feb. 25, 2025 tied to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Devon Energy Corp., Halliburton Co., and Marathon Oil Corp.

Interest is payable monthly.

The payout at maturity will be par unless the basket finishes below its 70% barrier level, in which case investors will lose 1% for every 1% decline from the basket’s initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Fixed coupon barrier notes
Underlying stocks:	Devon Energy Corp., Halliburton Co., Marathon Oil Corp.; equal weights
Amount:	$2.1 million
Maturity:	Feb. 25, 2025
Coupon:	10% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless basket finishes below barrier level, in which case investors will lose 1% for every 1% decline from the basket’s initial level
Initial levels:	$43.41 for Devon, $35.13 for Halliburton, $23.17 for Marathon
Barrier level:	70% of initial level
Pricing date:	Feb. 20
Settlement date:	Feb. 23
Agent:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78017FGZ0

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