New Issue: RBC prices $1.15 million 9.15% contingent coupon autocallables on Tesla

By Susanna Moon

Chicago, Oct. 18 – Royal Bank of Canada priced $1.15 million of autocallable contingent coupon barrier notes due Oct. 10, 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 9.15% if the stock closes at or above its 55% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the stock finishes below its 55% trigger level, in which case investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Autocallable contingent coupon barrier notes
Underlying stock:	Tesla, Inc. (Symbol: TSLA)
Amount:	$1,151,000
Maturity:	Oct. 15, 2020
Coupon:	9.15%, payable quarterly if stock closes at or above 55% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock finishes below 55% trigger level, in which case shares equal to $1,000 divided by the initial share price
Call:	At par if stock closes above initial level on any quarterly review date beginning April 10, 2018
Initial level:	$355.59
Trigger level:	$195.58, 55% of initial level
Pricing date:	Oct. 10
Settlement date:	Oct. 13
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013GKD6

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