New Issue: RBC prices $520,000 autocallable fixed coupon barrier notes on Albemarle

By Kiku Steinfeld

Chicago, June 27 – Royal Bank of Canada priced $520,000 of 9.7% autocallable fixed coupon barrier notes due Dec. 19, 2022 linked to the common stock of Albemarle Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

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

If the notes are not called, the payout at maturity will be par unless the stock finishes below its 65% trigger price, in which case investors will be fully exposed to the decline, payable either in shares or cash at the issuer’s option.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable fixed coupon barrier notes
Underlying stock:	Albemarle Corp.
Amount:	$520,000
Maturity:	Dec. 19, 2022
Coupon:	9.7% annual rate, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below trigger price, in which case full exposure to decline, payable in cash or 41.01 shares at the issuer’s option
Call:	At par if stock closes at or above initial share price on any quarterly observation date after six months
Initial share price:	$243.83
Trigger price:	$158.49, 65% of initial share price
Pricing date:	Dec. 14, 2021
Settlement date:	Dec. 17, 2021
Agent:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013G3G8

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