New Issue: RBC prices $20,000 contingent digital return buffer notes linked to Disney

By Wendy Van Sickle

Columbus, Ohio, May 11 – Royal Bank of Canada priced $20,000 of 0% contingent digital return buffer notes due May 24, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 15%, the payout at maturity will be par plus 8.05%. Otherwise, investors will lose 1.1765% for every 1% that the stock declines beyond 15%.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Walt Disney Co.
Amount:	$20,000
Maturity:	May 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 15%, par plus 8.05%; otherwise, 1.1765% loss for every 1% that stock declines beyond 15%
Initial share price:	$100.88
Buffer level:	$85.75, 85% of initial level
Final share price:	Average of closing share prices on five trading days ending May 19, 2021
Pricing date:	May 7
Settlement date:	May 12
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78013GVS1

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