New Issue: RBC prices $500,000 contingent digital return barrier notes linked to BofA

By Wendy Van Sickle

Columbus, Ohio, May 4 – Royal Bank of Canada priced $500,000 of 0% contingent digital return barrier notes due May 3, 2022 linked to the common stock of Bank of America Corp., according to an FWP 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 10.24%. Otherwise, investors will receive 258.13 BofA shares or the cash equivalent.

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:	Bank of America Corp.
Amount:	$500,000
Maturity:	May 3, 2022
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 10.24%; otherwise, 258.13 BofA shares or the cash equivalent
Initial share price:	$38.74
Barrier price:	$30.99, 80% of initial level
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78013GM93

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