New Issue: RBC prices $335,000 8.65% contingent coupon autocalls tied to Facebook

By Susanna Moon

Chicago, April 2 – Royal Bank of Canada priced $335,000 of autocallable contingent coupon barrier notes due March 19, 2021 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8.65% 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 at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the stock finishes below its 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:	$335,000
Maturity:	March 19, 2021
Coupon:	8.65% annualized, 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, in which case 1% loss per 1% decline
Call:	At par if stock closes at or above initial level on any quarterly observation date beginning Sept. 17, 2018
Initial level:	$185.09
Trigger level:	$148.07, 80% of initial level
Pricing date:	March 16
Settlement date:	March 21
Agent:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78013XGE2

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