RBC plans 13% contingent income autocalls due 2019 linked to Nvidia

By Susanna Moon

Chicago, Jan. 22 – Royal Bank of Canada plans to price contingent income autocallable securities due Jan. 31, 2019 linked to Nvidia Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 13% if the stock closes at or above the 70% downside threshold on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any of the first three determination dates.

The payout at maturity will be par unless the stock finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses.

RBC Capital Markets, LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 78013Q327.

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