RBC to price contingent coupon barrier autocallables on JPMorgan

By Sarah Lizee

Olympia, Wash., Nov. 7 – Royal Bank of Canada plans to price autocallable contingent coupon barrier notes due Nov. 22, 2019 linked to the common stock of JPMorgan Chase & Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 10% if the stock closes at or above its 80% coupon barrier on the related quarterly observation date.

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

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

RBC Capital Markets, LLC is the underwriter.

The notes will price on Nov. 19.

The Cusip number is 78013GHD0.

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