New Issue: RBC prices $1 million contingent digital return barrier notes linked to Amazon

By Sarah Lizee

Olympia, Wash., May 28 – Royal Bank of Canada priced $1 million of 0% contingent digital return barrier notes due May 26, 2021 linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the stock’s return is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 11%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial price.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying:	Amazon.com, Inc.
Amount:	$1 million
Maturity:	May 26, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If the stock’s return is greater than or equal to barrier price, the payout at maturity will be par plus 11%; otherwise, investors will lose 1% for every 1% that the stock declines from its initial price
Initial share price:	$2,446.74
Barrier price:	$1,957.39, 80% of initial level
Pricing date:	May 22
Settlement date:	May 28
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78013GVX0

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