New Issue: RBC sells $1.38 million 8% fixed coupon callables tied to three stocks

By Susanna Moon

Chicago, Sept. 21 – Royal Bank of Canada priced $1.38 million of 8% callable fixed coupon barrier notes due Sept. 15, 2020 linked to the least performing of the common stocks of General Mills, Inc., Kraft Heinz Co. and Molson Coors Brewing Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any quarterly observation date.

The payout at maturity will be par unless any underlying stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Callable fixed coupon barrier notes
Underlying assets:	General Mills, Inc. (Symbol: GIS), Kraft Heinz Co. (Symbol: KHC) and Molson Coors Brewing Co. (Symbol: TAP)
Amount:	$1.38 million
Maturity:	Sept. 15, 2020
Coupon:	8% annualized, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below 50% trigger, in which case 1% loss per 1% decline of worst performing stock
Call option:	At par on any quarterly observation date beginning March 2019
Initial levels:	$47.43 for General Mills, $57.24 for Kraft Heinz, $64.73 for Molson Coors
Barrier levels:	$23.72 for General Mills, $28.62 for Kraft Heinz, $32.37 for Molson Coors, 50% of initial levels
Pricing date:	Sept. 10
Settlement date:	Sept. 13
Agent:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78013GGT6

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