New Issue: RBC prices $2 million digital plus barrier notes linked to Amazon

By Susanna Moon

Chicago, Jan. 18 – Royal Bank of Canada priced $2 million of 0% digital plus barrier notes due July 17, 2019 linked to Amazon.com, Inc. 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% fixed return and any stock gain up to a maximum return of 17%.

Otherwise, the payout will be a number of Amazon 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.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$2 million
Maturity:	July 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 80% barrier, par plus greater of 10% and stock return capped at 17%; otherwise, 0.7662 Amazon shares
Initial share price:	$1,305.20
Barrier level:	$1,044.16, 80% of initial share price
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GFL4

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