By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Royal Bank of Canada priced $5.05 million of 0% trigger absolute return autocallable notes due Aug. 22, 2019 linked to General Motors Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12% if the shares close at or above its initial share price on any quarterly observation date.
If the stock finishes above its 75% downside threshold, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC Inc. are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger absolute return autocallable notes
|
| Underlying stock: | General Motors Co.
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| Amount: | $5,052,000
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| Maturity: | Aug. 22, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par plus absolute return; otherwise, full exposure to share price decline
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| Call: | At par plus 12% per year if shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $35.00
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| Downside threshold: | $26.25, 75% of initial price
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Underwriters: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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| Fees: | 1.5%
|
| Cusip: | 78013F297
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