New Issue: RBC sells $2 million capped levered buffered notes on Amazon.com

By Marisa Wong

Morgantown, W.Va., Jan. 30 – Royal Bank of Canada priced $2 million of 0% capped levered buffered notes due Feb. 11, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 16.815%.

If the stock finishes flat or falls by up to 20%, the payout will be par.

If the stock falls by more than 20%, investors will lose 1.25% for each 1% decline below the initial price.

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

Issuer:	Royal Bank of Canada
Issue:	Capped levered buffered notes
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$2 million
Maturity:	Feb. 11, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any share price gain, capped at par plus 16.815%; par if stock finishes flat or falls by up to 20%; otherwise, 1.25% loss for each 1% decline below the initial price
Initial price:	$1,640.02
Buffer level:	$1,312.02, 80% of initial price
Final level:	Average of closing share prices on five trading days ending Feb. 6, 2020
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Underwriter:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	78013XXW3

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