New Issue: RBC sells $3.5 million 10% coupon callables tied to three stocks

By Susanna Moon

Chicago, June 15 – Royal Bank of Canada priced $3.5 million of 10% callable fixed coupon notes due Sept. 17, 2019 linked to the least performing of the common stocks of Citigroup Inc., Walt Disney Co. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Callable fixed coupon notes
Underlying assets:	Citigroup Inc. (Symbol: C), Walt Disney Co. (Symbol: DIS) and Starbucks Corp. (Symbol: SBUX)
Amount:	$3.5 million
Maturity:	Sept. 17, 2019
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any stock finishes below 65% trigger, in which case 1% loss per 1% decline of worst performing stock
Call option:	At par on any quarterly observation date beginning Dec. 12, 2018
Initial levels:	$67.61 for Citigroup, $104.33 for Disney and $56.48 for Starbucks
Barrier levels:	$43.95 for Citigroup, $67.81 for Disney and $36.71 for Starbucks, 65% of initial levels
Pricing date:	June 12
Settlement date:	June 15
Agent:	RBC Capital Markets, LLC
Fees:	0.50%
Cusip:	78013XMV7

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