New Issue: RBC sells $1 million contingent barrier enhanced notes on Home Depot

By Marisa Wong

Morgantown, W.Va., March 16 – Royal Bank of Canada priced $1 million of 0% contingent barrier enhanced notes due Sept. 17, 2019 linked to Home Depot, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of the 12% contingent digital return and the index return, up to a maximum return of 14.45%.

Otherwise, the payout will be a number of Home Depot 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. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent barrier enhanced notes
Underlying stock:	Home Depot, Inc. (Symbol: HD)
Amount:	$1 million
Maturity:	Sept. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above barrier price, par plus greater of 12% and index return, capped at 14.45%; otherwise, number of Home Depot shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent
Initial price:	$178.07
Barrier price:	$142.46, 80% of initial share price
Final price:	Average of closing share price on five trading days ending Sept. 12, 2019
Pricing date:	March 15
Settlement date:	March 20
Underwriter:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.25%
Cusip:	78013GGC3

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