RBC plans contingent barrier enhanced notes linked to Amazon

By Susanna Moon

Chicago, Aug. 21 – Royal Bank of Canada plans to price 0% contingent barrier enhanced notes due Sept. 7, 2018 linked to the common stock of Amazon.com, Inc. and the American Depositary Shares of Alibaba Group Holding Ltd., according to an FWP filing with the Securities and Exchange Commission.

If each stock finishes at or above its 70% barrier level, the payout at maturity will be par plus the 10% digital return.

If either stock falls by more than 30%, investors will receive shares of the worse performing stock equal to $1,000 divided by the initial level.

RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The notes will price on Aug. 21.

The Cusip number is 78013GES0.

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