New Issue: RBC prices $1.45 million contingent digital return barrier notes on Apple

By Kiku Steinfeld

Chicago, March 16 – Royal Bank of Canada priced $1.45 million of 0% contingent digital return barrier notes due Oct. 5, 2022 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

If the stock’s final share price is greater than or equal to 80% of its initial share price, the payout at maturity will be par plus 9.12%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial price.

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

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying:	Apple Inc.
Amount:	$1.45 million
Maturity:	Oct. 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock’s final share price is greater than or equal to the barrier price, par plus 9.12%; otherwise, investors will lose 1% for every 1% that the stock declines from its initial price
Initial share price:	$146.06
Barrier price:	$116.85; 80% of initial level
Pricing date:	Sept. 17
Settlement date:	Sept. 22
Agent:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78016E4R5

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