New Issue: RBC prices $3 million of contingent digital barrier notes on Activision

By Susanna Moon

Chicago, Oct. 30 – Royal Bank of Canada priced $3 million of 0% contingent digital return barrier notes due Nov. 5, 2019 linked to the common stock of Activision Blizzard, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 80% threshold, the payout at maturity will be par plus the contingent digital return of 14.35%.

Otherwise, investors will receive a number of shares of Activision stock equal to $1,000 divided by the initial price or, at the issuer’s option, the cash equivalent.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying stock:	Activision Blizzard, Inc. (Symbol: ATVI)
Amount:	$3 million
Maturity:	Nov. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains or falls by up to 20%, par plus 14.35%; otherwise, number of shares equal to $1,000 divided by the initial price
Initial price:	$71.81
Barrier price:	$57.45, 80% of initial price
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GHA6

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