New Issue: RBC sells $1.67 million 10.55% fixed coupon barrier notes tied to Nvidia

By William Gullotti

Buffalo, N.Y., Feb. 26 – Royal Bank of Canada priced $1.67 million of 10.55% fixed coupon barrier notes due Feb. 20, 2025 tied to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the stock finishes below its 60% barrier level, in which case investors will receive a number of shares per note equal to $1,000 divided by the stock’s initial price or, at the issuer’s option, the cash equivalent.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Fixed coupon barrier notes
Underlying stock:	Nvidia Corp.
Amount:	$1,665,000
Maturity:	Feb. 20, 2025
Coupon:	10.55% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 1.35 shares per note or, at the issuer’s option, the cash equivalent
Initial price:	$739.00
Barrier level:	$443.40; 60% of initial level
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78015QHS3

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