New Issue: RBC prices $1 million digital plus barrier notes linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Royal Bank of Canada priced $1 million of 0% digital plus barrier notes due Aug. 7, 2019 linked to Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above the 80% barrier, the payout at maturity will be the greater of $1,100 per $1,000 principal amount and any gain up to a maximum redemption amount of 118.45% of par.

Otherwise, the payout will be 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:	$1 million
Maturity:	Aug. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes above 80% barrier, par plus any gain, floor of 10% and capped at 18.45%; otherwise, number of Facebook shares equal to $1,000 divided by initial share price or, at issuer’s option, the cash equivalent
Initial share price:	$190.28
Barrier level:	$152.22, 80% of initial share price
Pricing date:	Feb. 2
Settlement date:	Feb. 7
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GFQ3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.