New Issue: RBC sells $3.96 million digital plus barrier notes linked to Boeing

By William Gullotti

Buffalo, N.Y., July 26 – Royal Bank of Canada priced $3.96 million of 0% digital plus barrier notes due Jan. 20, 2023 tied to the shares of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of the stock return and 14% up to a maximum payout of par plus 21%.

If the stock finishes below the barrier level, investors will receive a number of shares of Boeing stock equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying stock:	Boeing Co.
Amount:	$3,962,000
Maturity:	Jan. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above the barrier price, par plus greater of stock return and 14% up to a maximum payout of par plus 21%; otherwise, a number of shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares
Initial price:	$224.45
Barrier price:	$179.56, 80% of initial price
Pricing date:	July 14
Settlement date:	July 19
Agent:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78013GU78

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