By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – Royal Bank of Canada priced $5.3 million of autocallable contingent coupon barrier notes due July 30, 2020 linked to the least performing of the common stocks of Baker Hughes, Broadcom Inc. and Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if each stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes its initial price on any observation date.
The payout at maturity will be par unless any stock finishes below its 60% trigger price, in which case investors will be fully exposed to any losses of the least-performing stock.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Autocallable contingent coupon barrier notes
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| Underlying stocks: | Baker Hughes, Broadcom Inc. and Walmart Inc.
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| Amount: | $5.3 million
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| Maturity: | July 30, 2020
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| Coupon: | 11.5%, payable quarterly if each stock closes at or above coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger price, in which case par plus return of the least-performing stock
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| Call: | At par if each stock closes above initial price on any observation date
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| Initial prices: | $33.27 for Baker Hughes, $225.97 for Broadcom and $87.90 for Walmart
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| Coupon barrier/triggers: | $19.96 for Baker Hughes, $135.58 for Broadcom and $52.74 for Walmart; 60% of initial prices
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| Pricing date: | July 25
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| Settlement date: | July 30
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 3%
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| Cusip: | 78013GQ2
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