RBC to price contingent barrier enhanced notes linked to Sony

By Marisa Wong

Morgantown, W.Va., May 17 – Royal Bank of Canada plans to price 0% contingent barrier enhanced notes due June 5, 2019 linked to Sony Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 75% barrier level, the payout at maturity will be par plus the contingent digital return of 11.3%.

Otherwise, investors will be fully exposed to the share price decline.

RBC Capital Markets, LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price on May 18.

The Cusip number is 78013XLC0.

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