New Issue: RBC prices $2.22 million contingent digital return buffer notes linked to stocks

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Royal Bank of Canada priced $2.22 million of 0% contingent digital return buffer notes due Jan. 29, 2020 linked to an equally basket consisting of the common stocks of Amazon.com, Inc., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is greater than or equal to negative 20%, the payout at maturity will be par plus 7.55%. Otherwise, investors will lose 1.25% for every 1% that the basket declines beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Amazon.com, Inc. (Symbol: AMZN), Facebook Inc. (Symbol: FB) and Alphabet Inc. (Symbol: GOOG)
Amount:	$2,215,000
Maturity:	Jan. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is greater than or equal to negative 20%, par plus 7.55%; otherwise, 1.25% loss for every 1% that basket declines beyond 20%
Initial share prices:	$1,640.56 for Amazon, $143.80 for Facebook and $1,057.19 for Alphabet
Final share prices:	For each stock, average of its closing share prices on five trading days ending Jan. 24, 2020
Pricing date:	Jan. 11
Settlement date:	Jan. 16
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013XXC7

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