New Issue: RBC prices $5.85 million callable contingent coupon barrier notes on FedEx

Chicago, Feb. 1 – Royal Bank of Canada priced $5.85 million of issuer callable contingent coupon barrier notes due April 12, 2023 linked to FedEx Corp. 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% if the stock closes at or above its 75% 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 75% trigger price, in which case investors will receive a number shares equal to $1,000 divided by the initial share price, or cash at the issuer’s option.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Issuer callable contingent coupon barrier notes
Underlying stock:	FedEx Corp.
Amount:	$5,851,000
Maturity:	April 12, 2023
Coupon:	10%, 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 shares of stock equal to $1,000 divided by the initial share price, or cash value of those shares at issuer’s option
Call option:	At par on any quarterly coupon payment date
Initial level:	$282.17
Coupon barrier/trigger price:	$211.63, 75% of initial level
Pricing date:	April 6
Settlement date:	April 9
Agents:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78013GL86

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