By Angela McDaniels
Tacoma, Wash., April 18 – Royal Bank of Canada priced $1 million of 0% digital plus barrier notes due Oct. 21, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than 120% of the initial share price, the payout at maturity will be par plus 20%.
If the final share price is greater than or equal to the barrier level, 80% of the initial share price, but less than or equal to 120% of the initial share price, the payout at maturity will be par plus the greater of the index return and 10%.
If the final share price is less than the barrier level, the payout will be the cash value of a number of Amazon shares equal to $1,000 divided by the initial share price.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Digital plus barrier notes
|
| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $1 million
|
| Maturity: | Oct. 21, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than 120% of initial share price, par plus 20%; if final share price is greater than or equal to barrier level but less than or equal to 120% of initial share price, par plus greater of index return and 10%; if final share price is less than barrier level, amount in cash equal to value of 0.5368 Amazon share
|
| Initial share price: | $1,863.04
|
| Barrier level: | $1,490.43, 80% of initial share price
|
| Pricing date: | April 16
|
| Settlement date: | April 22
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 1%
|
| Cusip: | 78013GGH2
|
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