RBC to price contingent income autocallable notes tied to Qualcomm

New York, Aug. 28 – Royal Bank of Canada plans to price contingent income autocallable securities due Sept. 7, 2018 linked to Qualcomm Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if the shares close at or above the 75% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any of the quarterly determination dates beginning Dec. 4.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% downside threshold level, in which case investors will receive a number of Qualcomm shares equal to $10 divided by the initial price or, at the issuer’s option, the cash equivalent.

RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Sept. 4 and settle on Sept. 10.

The Cusip number is 78013D649.

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