By Susanna Moon
Chicago, July 17 – Royal Bank of Canada priced $5.89 million of 0% trigger absolute return autocallable notes due July 16, 2020 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 13.02% if the stock closes at or above its initial level on any review date.
If the stock finishes at or above its 75% threshold level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
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| Issue: | Trigger absolute return autocallable notes
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| Underlying index: | Ford Motor Co. (Symbol: F)
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| Amount: | $5,883,000
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| Maturity: | July 16, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 13.02% annualized if stock closes at or above its initial level on any quarterly review date
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| Payout at maturity: | If stock gains or falls by up to 25%, par plus absolute return; otherwise, 1% loss per 1% decline
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| Initial index level: | $11.07
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| Downside threshold: | $8.30, 75% of initial level
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| Pricing date: | July 11
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| Settlement date: | July 16
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| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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| Fees: | 1.5%
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| Cusip: | 78014G377
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