New Issue: RBC prices $3 million digital plus barrier notes linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, May 5– Royal Bank of Canada priced $3 million of 0% digital plus barrier notes due Nov. 8, 2018 linked to Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater the digital return of 10% and any gain up to the 114.85% maximum redemption amount.

If the stock falls by more than 20%, however, investors will receive a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$3 million
Maturity:	Nov. 8, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 80% barrier, par plus the greater of 10% and any gain up to 114.85% of par maximum redemption amount; otherwise, number of Facebook shares equal to $1,000 divided by the initial share price
Initial share price:	$152.05
Barrier level:	$121.64, 80% of initial share price
Pricing date:	May 3
Settlement date:	May 8
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GEA9

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