New Issue: RBC prices $3.54 million contingent digital return barrier notes on bank basket

By Wendy Van Sickle

Columbus, Ohio, April 26 – Royal Bank of Canada priced $3.54 million of 0% contingent digital return barrier notes due April 17, 2024 linked to an equally weighted basket of the stocks of Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc., Morgan Stanley and Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes at or above its barrier level, 75% of initial level, the payout at maturity will be par plus 30%.

Otherwise, investors will have full exposure to the loss of the basket.

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 basket:	Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc., Morgan Stanley and Wells Fargo & Co.
Amount:	$3,535,000
Maturity:	April 17, 2024
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If the basket finishes at or above its barrier level, the payout at maturity will be par plus 30%; otherwise, full exposure to loss
Initial prices:	$28.60 for BofA, $46.89 for Citi, $327.11 for Goldman, $87.80 for Morgan Stanley and $37.38 for Wells
Barrier level:	75% of initial level
Pricing date:	March 31
Settlement date:	April 5
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78016HWM8

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