New Issue: RBC prices $255,000 contingent digital return barrier notes linked to Freeport-McMoRan

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – Royal Bank of Canada priced $255,000 of 0% contingent digital return barrier notes due Dec. 30, 2021 linked to the common stock of Freeport-McMoRan Inc., according to an 424B2 filing with the Securities and Exchange Commission.

If the stock’s return is greater than or equal to 65% of its initial level, the payout at maturity will be par plus 14%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial price.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying:	Freeport-McMoRan Inc.
Amount:	$255,000
Maturity:	Dec. 30, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If the stock’s return is greater than or equal to barrier price, the payout at maturity will be par plus 14%; otherwise, investors will lose 1% for every 1% that the stock declines from its initial price
Initial share price:	$24.61
Barrier price:	$16.00, 65% of initial level
Pricing date:	Dec. 11
Settlement date:	Dec. 16
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78016EVK0

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