New Issue: RBC prices $196,000 contingent coupon barrier autocallables linked to Tesla

By Wendy Van Sickle

Columbus, Ohio, July 26 – Royal Bank of Canada priced $196,000 of autocallable contingent coupon barrier notes due July 25, 2019 linked to Tesla, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.35% if the stock closes at or above its 50% coupon barrier on the observation date for that quarter.

The notes will be called at par if the shares close above their initial price on any coupon payment date after six months.

The payout at maturity will be par unless the stock finishes below the 50% trigger level, in which case investors will receive a number shares equal to $1,000 divided by the initial share price.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Autocallable contingent coupon barrier notes
Underlying stock:	Tesla, Inc.
Amount:	$196,000
Maturity:	July 25, 2019
Coupon:	9.35%, payable quarterly if stock closes at or above 50% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock finishes below trigger level, in which case shares equal to $1,000 divided by the initial share price
Call:	At par if shares close above initial level on any coupon payment date after six months
Initial level:	$328.40
Coupon barrier/trigger price:	$164.20, 50% of initial level
Pricing date:	July 21
Settlement date:	July 26
Agents:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78012K2S5

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