New Issue: RBC prices $3.26 million contingent digital return barrier notes linked to Disney

By Cady Vishniac

Detroit, Dec. 14 – Royal Bank of Canada priced $3.26 million of 0% contingent digital return barrier notes due Dec. 22, 2021 linked to the common stock of Walt Disney Co., according to an 424B2 filing with the Securities and Exchange Commission.

If the stock’s return is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 9.2%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial price.

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 barrier notes
Underlying:	Walt Disney Co.
Amount:	$3,255,000
Maturity:	Dec. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock’s return is greater than or equal to barrier price, the payout at maturity will be par plus 9.2%; otherwise, investors will lose 1% for every 1% that the stock declines from its initial price
Initial share price:	$154.14
Barrier price:	$123.31, 80% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Final valuation:	Determined on the five consecutive business days ending on Dec. 17, 2021
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78016ERX7

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