New Issue: RBC sells $2 million contingent barrier enhanced notes linked to Amazon

By Susanna Moon

Chicago, Jan. 17 – Royal Bank of Canada priced $2 million of 0% contingent barrier enhanced notes due July 12, 2019 linked to Amazon.com Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of the 10% contingent digital return and any index gain up to a maximum return of 16.5%.

Otherwise, the payout will be a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

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 barrier enhanced notes
Underlying stock:	Amazon.com Inc. (Symbol: AMZN)
Amount:	$2 million
Maturity:	July 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 80%, par plus greater of 10% and any index gain capped at 16.5%; otherwise, 0.80259 Amazon shares
Initial level:	$1,245.96, intra-day price on Jan. 8
Barrier level:	$996.77, or 70% of initial share price
Pricing date:	Jan. 9
Settlement date:	Jan. 12
Underwriter:	RBC Capital Markets, LLC
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	78013GFJ9

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