By Susanna Moon
Chicago, April 3 – Royal Bank of Canada priced $150,000 of autocallable contingent coupon barrier notes due March 28, 2019 linked to Facebook, Inc. common 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 7.65% if the stock closes at or above the 80% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial price on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
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| Issue: | Autocallable contingent coupon barrier notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $150,000
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| Maturity: | March 28, 2019
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| Coupon: | 7.65%, payable quarterly if stock closes at or above 80% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below 80% trigger level, in which case fully exposed to any losses
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| Call: | At par if stock closes at or above initial level on any quarterly observation date
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| Initial level: | $140.34
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| Trigger level: | $112.27, 80% of initial level
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Agents: | RBC Capital Markets, LLC
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| Fees: | 1.75%
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| Cusip: | 78013GDC6
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