New Issue: RBC prices $200,000 contingent digital return buffer notes linked to Lennar

By Sarah Lizee

Olympia, Wash., May 11 – Royal Bank of Canada priced $200,000 of 0% contingent digital return buffer notes due May 20, 2021 tied to the common stock of Lennar Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 30%, the payout at maturity will be par plus 10.25%. Otherwise, investors will lose 1.4286% for every 1% that the stock declines beyond 30%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Lennar Corp.
Amount:	$200,000
Maturity:	May 20, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 30%, par plus 10.25%; otherwise, 1.4286% loss for every 1% that stock declines beyond 30%
Initial share price:	$49.42
Buffer level:	$34.59, 70% of initial level
Final share price:	Average of closing share prices on five trading days ending May 17, 2021
Pricing date:	May 5
Settlement date:	May 8
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GVN2

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