New Issue: RBC prices $290,000 contingent digital return buffer notes linked to Disney

By Sarah Lizee

Olympia, Wash., April 22 – Royal Bank of Canada priced $290,000 of 0% contingent digital return buffer notes due May 4, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 20%, the payout at maturity will be par plus 11.3%. Otherwise, investors will lose 1.25% for every 1% that the stock declines beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return buffer notes
Underlying stocks:	Walt Disney Co.
Amount:	$290,000
Maturity:	May 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 20%, par plus 11.3%; otherwise, 1.25% loss for every 1% that stock declines beyond 20%
Initial share price:	$102.02
Buffer level:	$81.62, 80% of initial level
Final share price:	Average of closing share prices on five trading days ending April 29, 2021
Pricing date:	April 17
Settlement date:	April 22
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GVJ1

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