New Issue: RBC prices $3.51 million callable contingent coupon barrier notes on Amazon

By Wendy Van Sickle

Columbus, Ohio, June 10 – Royal Bank of Canada priced $3.51 million of issuer callable contingent coupon barrier notes due May 19, 2022 linked to Amazon.com, 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 10.5% if the stock closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be callable at par on any coupon payment date.

The payout at maturity will be par unless the stock finishes below the 80% trigger price, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the option of the issuer, the cash equivalent of those shares.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Issuer callable contingent coupon barrier notes
Underlying stock:	Amazon.com, Inc.
Amount:	$3.51 million
Maturity:	May 19, 2022
Coupon:	10.5%, payable quarterly if stock closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock finishes below trigger level, in which case a number of shares equal to $1,000 divided by the initial share price or, at the option of the issuer, the cash equivalent of those shares
Call:	At par on any coupon payment date
Initial level:	$3,222.90
Coupon barrier/trigger price:	$2,578.32; 80% of initial level
Pricing date:	May 14
Settlement date:	May 19
Agents:	RBC Capital Markets, LLC
Fees:	1.25%
Cusip:	78013GP33

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