New Issue: RBC prices $731,000 contingent coupon barrier autocallables tied to Facebook

By Susanna Moon

Chicago, Aug. 29 – Royal Bank of Canada priced $731,000 of autocallable contingent coupon barrier notes due Aug. 29, 2019 linked to Facebook Inc. 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 8.35% if the stock closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes its initial level on any coupon payment date after six months.

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
Issue:	Autocallable contingent coupon barrier notes
Underlying stock:	Facebook Inc. (Symbol: FB)
Amount:	$731,000
Maturity:	Aug. 29, 2019
Coupon:	8.35%, payable quarterly if stock closes at or above 80% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock finishes below 80% trigger level, in which case shares equal to $1,000 divided by the initial share price
Call:	At par if stock closes above initial level on any coupon payment date beginning Feb. 26, 2018
Initial level:	$166.32
Trigger level:	$133.06, 80% of initial level
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Agents:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78012K5C7

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