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

By Wendy Van Sickle

Columbus, Ohio, June 7 – Royal Bank of Canada priced $2 million of 0% digital plus barrier notes due June 10, 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 the 75% barrier level, the payout at maturity will be par plus the greater the digital return of 10% and any gain up to the 123% maximum redemption amount.

If the stock falls by more than 25%, however, investors will receive a number of Amazon.com 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.
Amount:	$2 million
Maturity:	June 10, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 75% barrier, par plus the greater of 10% and any gain up to 123% of par maximum redemption amount; otherwise, number of Amazon.com shares equal to $1,000 divided by the initial share price
Initial share price:	$1,011.34
Barrier level:	$758.51, 75% of initial share price
Pricing date:	June 8
Settlement date:	June 10
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GEE1

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