Royal Bank of Canada plans to price notes on Raymond James Securities Selections

By Emma Trincal

New York, Feb. 1 – Royal Bank of Canada plans to price notes on Raymond James Securities Selections due Aug. 24, 2022, according to an FWP filing with the Securities and Exchange Commission.

The notes are linked to an equally-weighted basket of 20 common stocks selected by Raymond James.

The reference shares are Alaska Air Group, Inc., Avnet, Inc., AutoZone, Inc., Cadence Bancorporation., Cigna Corp., Eagle Materials Inc., Healthcare Realty Trust Inc., Jabil Inc., KB Home, MDC Holdings, Inc. Mohawk Industries, Inc., Maximus, Inc., National Retail Properties, Inc., Old Republic International Corp., Dave & Buster’s Entertainment, Inc., PROG Holdings, Inc., Construction Partners, Inc., Synnex Corp., Wesco International, Inc. and Wintrust Financial Corp.

The final share price for each stock is the sum of its closing price on the valuation date and its dividend amount.

The payout at maturity will be par times 97.35% of the basket level percentage. Because of the 97.35% participation rate, investors will receive less than par if the basket does not gain by at least 2.73%.

The notes will price on Feb. 19 and settle on Feb. 24.

The Cusip number is 78013GH24.

RBC Capital Markets, LLC is the agent. Raymond James will handle distribution.

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