New Issue: RBC sells $5.06 million 9% fixed-coupon barrier notes tied to Tesla

By William Gullotti

Buffalo, N.Y., Aug. 11 – Royal Bank of Canada priced $5.06 million of 9% fixed-coupon barrier notes due May 22, 2023 tied to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock finishes below its 50% barrier price, in which case investors will be fully exposed to decline.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Fixed-coupon barrier notes
Underlying stock:	Tesla, Inc.
Amount:	$5,063,000
Maturity:	May 22, 2023
Coupon:	9% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will be fully exposed to decline
Initial price:	$576.83
Barrier level:	$288.42; 50% of initial levels
Pricing date:	May 17
Settlement date:	May 20
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016EG84

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