New Issue: RBC prices $85,000 contingent digital return buffer notes linked to Skyworks

By Sarah Lizee

Olympia, Wash., April 22 – Royal Bank of Canada priced $85,000 of 0% contingent digital return buffer notes due May 3, 2021 linked to the common stock of Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 25%, the payout at maturity will be par plus 12.25%. Otherwise, investors will lose 1.3333% for every 1% that the stock declines beyond 25%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Skyworks Solutions, Inc.
Amount:	$85,000
Maturity:	May 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 25%, par plus 12.25%; otherwise, 1.3333% loss for every 1% that stock declines beyond 25%
Initial share price:	$92.87
Buffer level:	$69.65, 75% of initial level
Final share price:	Average of closing share prices on five trading days ending April 28, 2021
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GVG7

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