New Issue: RBC sells $1.2 million 9.25% fixed-coupon barrier notes tied to DraftKings

Chicago, June 2 – Royal Bank of Canada priced $1.2 million of 9.25% fixed-coupon barrier notes due Nov. 20, 2023 tied to the shares of DraftKings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

At maturity investors will receive par unless the stock finishes below its 65% barrier price, in which case investors will be fully exposed to the decline in the stock price.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Fixed-coupon barrier notes
Underlying stock:	DraftKings Inc.
Amount:	$1,201,000
Maturity:	Nov. 20, 2023
Coupon:	9.25% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case full exposure to loss of stock
Initial price:	$39.36
Barrier level:	$25.58, 65% of initial level
Pricing date:	Nov. 15, 2021
Settlement date:	Nov. 18, 2021
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78016F4Z4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.