New Issue: RBC prices $5 million two-year trigger jump securities linked to Amazon, Disney

By Kiku Steinfeld

Chicago, Oct. 2 – Royal Bank of Canada priced $5 million of 0% trigger jump securities due Aug. 26, 2021 linked to Amazon.com, Inc. and Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial price, the payment at maturity will be par of $10 plus 46.3%.

If each stock falls by up to 30%, the payout will be par.

If either stock falls below its 70% trigger price, investors will be fully exposed to any losses of the lesser performing stock.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as distributor.

Issuer:	Royal Bank of Canada
Issue:	Trigger jump securities
Underlying stocks:	Amazon.com, Inc. and Walt Disney Co.
Amount:	$5,000,000
Maturity:	Aug. 26, 2021
Coupon:	0%
Price:	Par of $10
Based on:	If each stock finishes at or above initial share price, par plus 46.3%; if each stock falls by up to 30%, par; if either stock falls below trigger price, full exposure to any losses of lesser performing stock.
Initial share prices:	$1,749.62 for Amazon and $131.67 for Disney
Trigger prices:	$1,224.73 for Amazon and $92.17for Disney, 70% of initial share prices
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	RBC Capital Markets, LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	0.25%
Cusip:	78014J405

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