By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Royal Bank of Canada priced $823,000 of autocallable contingent coupon barrier notes with memory coupon due Feb. 3, 2027 linked to Nutrien Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if the stock closes at or above its 65% coupon barrier on the observation date for that period, plus any previously unpaid coupon.
The notes will be automatically called at par if the stock closes its initial level on any quarterly observation date after six months.
The payout at maturity will be par due unless the stock finishes below its 65% trigger price, in which case investors will be fully exposed to the decline.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Autocallable contingent coupon barrier notes with memory coupon
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| Underlying stock: | Nutrien Ltd.
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| Amount: | $823,000
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| Maturity: | Feb. 3, 2027
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| Coupon: | 10.25% annual rate, payable quarterly if stock closes at or above coupon barrier on observation date for that period, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par plus unless stock finishes below trigger price, in which case full exposure to loss
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| Call: | At par if stock closes above initial level on any quarterly review date after six months
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| Initial level: | $51.18
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| Trigger price/coupon barrier: | $33.27, 65% of initial level
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| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 2.483%
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| Cusip: | 78017FDD2
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