New Issue: RBC prices $3.24 million 8% contingent yield trigger autocalls tied to Wells Fargo

By Susanna Moon

Chicago, July 17 – Royal Bank of Canada priced $3.24 million of trigger autocallable contingent yield notes due July 9, 2021 linked to Wells Fargo & Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its 77% coupon barrier 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 quarterly observation date after six months.

The payout at maturity will be par unless the stock finishes below its 77% downside threshold, in which case investors will lose 1% for each 1% decline.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Trigger autocallable contingent yield notes
Underlying stock:	Wells Fargo & Co. (Symbol: WFC)
Amount:	$3,239,000
Maturity:	July 9, 2021
Coupon:	8% annualized, payable quarterly if stock closes at or above 77% coupon barrier on review date for that quarter
Price:	Par of $10
Payout at maturity:	If stock finishes at or above trigger level, par; otherwise, 1% loss per 1% decline
Call:	At par if stock closes at or above its initial level on each quarterly observation date beginning Jan. 7, 2019
Initial level:	$55.89
Trigger level:	$43.04, 77% of initial level
Pricing date:	July 6
Settlement date:	July 11
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78014G344

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