Final Terms dated January 22, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Similar documents
Final Terms dated January 23, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Final Terms dated October 15, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Final Terms dated July 20, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Final Terms dated July 13, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Final Terms dated July 17, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

OPERATIONAL INFORMATION DOCUMENT

Final Terms dated September 27, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

OPERATIONAL INFORMATION DOCUMENT

NATIONAL BANK OF CANADA (a Canadian chartered bank)

Final Terms dated 20 November ROYAL BANK OF CANADA (a Canadian chartered bank) Legal entity identifier (LEI): ES7IP3U3RHIGC71XBU11

FINAL TERMS PROHIBITION OF SALES TO EEA RETAIL INVESTORS

Final Terms dated 26 June Canadian Imperial Bank of Commerce. Issue of GBP 200,000,000 Floating Rate Notes due June 2020

FINAL TERMS. Final Terms dated April 8, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

MIFID II PRODUCT GOVERNANCE/PROFESSIONAL INVESTORS AND ELIGIBLE COUNTERPARTIES ONLY TARGET MARKET

FINAL TERMS. guaranteed by AB Volvo (publ) (the "Guarantor") issued pursuant to the U.S.$15,000,000,000 Euro Medium Term Note Programme

FINAL TERMS. Final Terms dated June 5, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

Canadian Imperial Bank of Commerce. Issue of SEK 1,000,000,000 Fixed Rate Notes due July 2021

TOYOTA MOTOR FINANCE (NETHERLANDS) B.V. ( LEI ): OPA8GZSQUNSR96

CONFORMED COPY. 1. (i) Issuer: Toyota Motor Finance (Netherlands) B.V.

FINAL TERMS. Final Terms dated June 4, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

Pricing Supplement dated February 8, The Bank of Nova Scotia LEI: L319ZG2KFGXZ61BMYR72

1. (i) Issuer: Toyota Motor Finance (Netherlands) B.V.

Final Terms dated January 16, 2018 CANADIAN IMPERIAL BANK OF COMMERCE CAD 25,000,000,000

Final Terms dated September 14, ROYAL BANK OF CANADA (a Canadian chartered bank)

Final Terms dated 14 January 2019 Santander Consumer Finance, S.A. Issue of EUR 90,000,000 Floating Rate Notes due January 2021

WESTPAC BANKING CORPORATION ABN Programme for the Issuance of Debt Instruments. Issue of

Final Terms dated October 3, 2017

CONFORMED COPY. 1. (i) Issuer: Toyota Motor Finance (Netherlands) B.V.

Final Terms dated 18 May 2018

NATIONAL BANK OF CANADA (a Canadian chartered bank)

Final Terms dated July 29, ROYAL BANK OF CANADA (a Canadian chartered bank)

SAMPO PLC. Issue of EUR 500,000, per cent. Notes due 27 September 2030 under the. EUR 4,000,000,000 Euro Medium Term Note Programme

FINAL TERMS. Yorkshire Building Society. issue of. 300,000,000 Fixed Rate Reset Tier 2 Subordinated Notes due 2028

Final Terms dated October 25, ROYAL BANK OF CANADA (a Canadian chartered bank)

NATIONAL BANK OF CANADA (a Canadian chartered bank)

Final Terms dated June 22, 2018 CANADIAN IMPERIAL BANK OF COMMERCE. (a Canadian chartered bank)

FINAL TERMS. Final Terms dated February 1, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

FINAL TERMS. Iberdrola Finanzas, S.A.U. (incorporated with limited liability in the Kingdom of Spain) Issue of

NATIONAL BANK OF CANADA (a Canadian chartered bank)

OPERATIONAL INFORMATION SHEET

Part A - Contractual Terms

FINAL TERMS. Commonwealth Bank of Australia. Legal Entity Identifier (LEI): MSFSBD3QN1GSN7Q6C537

SAMPO PLC. Issue of SEK 2,000,000,000 Floating Rate Notes due 28 May under the EUR 3,000,000,000 Euro Medium Term Note Programme

Final Terms Dated 17 April 2018 TOYOTA FINANCE AUSTRALIA LIMITED (ABN )

FINAL TERMS. ABN AMRO Bank N.V.

FINAL TERMS. VASAKRONAN AB (PUBL) Legal Entity Identifier (LEI): LNZSEWN5KTV42 Issue of SEK 500,000, per cent. Notes due 1 August 2022

FINAL TERMS. Lloyds Bank plc

WESTPAC BANKING CORPORATION ABN Programme for the Issuance of Debt Instruments. Issue of

FINAL TERMS SANTANDER UK GROUP HOLDINGS PLC

FINAL TERMS. Commonwealth Bank of Australia. Legal Entity Identifier (LEI): MSFSBD3QN1GSN7Q6C537

PART A CONTRACTUAL TERMS. Not Applicable. 4. Issue Price: per cent. of the Aggregate Nominal Amount

FINAL TERMS. Final Terms dated March 9, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

PART A CONTRACTUAL TERMS

Final Terms dated December 10, 2015 CANADIAN IMPERIAL BANK OF COMMERCE

NATIONAL BANK OF CANADA (a Canadian chartered bank)

Final Terms dated October 24, 2016 CANADIAN IMPERIAL BANK OF COMMERCE

Final Terms dated June 17, 2014

Final Terms dated 4 June 2018

FINAL TERMS NORSKE TOG AS. Issue of NOK 750,000, per cent Fixed Rate Bond Issue due 12 June 2028 under the

17 February 2016 PART A CONTRACTUAL TERMS

OPERATIONAL INFORMATION DOCUMENT

FINAL TERMS. 16 June 2016

FINAL TERMS. SVENSKA HANDELSBANKEN AB (publ)

PART A CONTRACTUAL TERMS

guaranteed by AB Volvo (publ) (the "Guarantor") issued pursuant to the U.S.$15,000,000,000 Euro Medium Term Note Programme PART A CONTRACTUAL TERMS

IMPORTANT NOTICE. In accessing the attached final terms (the "Final Terms") you agree to be bound by the following terms and conditions.

COÖPERATIEVE RABOBANK U.A. (RABOBANK)

OPERATIONAL INFORMATION DOCUMENT

PART A CONTRACTUAL TERMS

IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. IMPORTANT:

Santander Consumer Finance, S.A. Issue of EUR 500,000,000 Floating Rate Notes due January 2019

FINAL TERMS. 3 Specified Currency or Currencies: Euro (" ") 5 Issue Price: 6 (i) Specified Denominations:

Final Terms dated 3 December2018

PART A CONTRACTUAL TERMS. Not Applicable. 4. Issue Price: per cent. of the Aggregate Nominal Amount

FINAL TERMS. ASB Finance Limited

PART A CONTRACTUAL TERMS. (i) Series: SEK 2,250,000,000. (ii) Tranche: SEK 2,250,000,000

FINAL TERMS. ABN AMRO Bank N.V. Issue of GBP 450,000, per cent. Senior Unsecured Fixed Rate Notes due June 2022 (the "Notes")

TOYOTA MOTOR FINANCE (NETHERLANDS) B.V. ( LEI ): OPA8GZSQUNSR96

PART A CONTRACTUAL TERMS

VOLVO TREASURY AB (publ) (the "Issuer") Issue of EUR 100,000,000 Floating Rate Notes due August 2018

FINAL TERMS. Commonwealth Bank of Australia ABN

FINAL TERMS. Final Terms dated October 27, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

FINAL TERMS. ABN AMRO Bank N.V.

FINAL TERMS. Final Terms dated March 29, THE TORONTO-DOMINION BANK (a Canadian chartered bank)

FINAL TERMS. ROLLS-ROYCE plc (the Issuer )

PRICING SUPPLEMENT. SWEDBANK AB (publ) Legal Entity Identifier (LEI): M312WZV08Y7LYUC Issue of

- 1 - EXECUTION COPY FINAL TERMS. Date: 24 August 2018

FINAL TERMS. Final Terms dated 11 July AA Bond Co Limited. Issue of Sub-Class A6 250,000,000 Fixed Rate Class A Notes

PART A CONTRACTUAL TERMS

WESTPAC BANKING CORPORATION ABN Programme for the Issuance of Debt Instruments. Issue of

PART A CONTRACTUAL TERMS. Not Applicable. 4. Issue Price: per cent. of the Aggregate Nominal Amount

FINAL TERMS. Heathrow Funding Limited. Issue of Sub-Class A ,000, % Fixed Rate Bonds due under the Bond Programme

PART A CONTRACTUAL TERMS

FINAL TERMS COÖPERATIEVE RABOBANK U.A. (RABOBANK) Issue of 1,000,000, per cent. Covered Bond due May 2032

PART A - CONTRACTUAL TERMS FOR TIER 2 NOTES

FINAL TERMS. The Bank of Nova Scotia

FINAL TERMS PART A CONTRACTUAL TERMS

BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY

FINAL TERMS DATED 22 JANUARY 2019

FINAL TERMS. MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)

Transcription:

EXECUTION VERSION MIFID II PRODUCT GOVERNANCE / TARGET MARKET - Solely for the purposes of the manufacturer s product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, MiFID II ); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a distributor ) should take into consideration the manufacturer s target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer s target market assessment) and determining appropriate distribution channels. PRIIPS REGULATION PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ( EEA ). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, MiFID II ); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended or superseded, the Prospectus Directive ). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation ) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. Final Terms dated January 22, 2019 ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer ) Legal Entity Identifier (LEI): ES7IP3U3RHIGC71XBU11 Issue of GBP400,000,000 Floating Rate Senior Notes due January 2020 issued pursuant to the Base Prospectus as part of the Programme for the Issue of Securities

PART A CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the Conditions ) set forth in the Base Prospectus dated September 24, 2018 and the supplemental Prospectus dated December 19, 2018 which together constitute a base prospectus (the Base Prospectus ) for the purposes of Directive 2003/71/EC as amended or superseded (the Prospectus Directive ). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus, together with all documents incorporated by reference therein, are available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange at http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html under the name Royal Bank of Canada and the headline Publication of Prospectus and copies may be obtained from the offices of the Issuer, 13 th Floor, 155 Wellington Street, Toronto, Ontario, Canada M5V 3K7 and the offices of the Issuing and Paying Agent, One Canada Square, London E14 5AL, England. 1. (i) Series Number: 43191 (ii) Tranche Number: 1 (iii) Date on which the Notes become fungible: 2. Specified Currency or Currencies: (Condition 1.11) Pounds Sterling ( GBP ) 3. Aggregate Principal Amount: (i) Series: GBP400,000,000 (ii) Tranche: GBP400,000,000 4. Issue Price: 100 per cent. of the Aggregate Principal Amount 5. (i) Specified Denominations: (Condition 1.08 or 1.09) (ii) Calculation Amount: (iii) Minimum Trading Size: GBP100,000 and integral multiples of GBP1,000 in excess thereof up to and including GBP199,000. No Notes in definitive form will be issued with a denomination above GBP199,000 GBP1,000 : GBP1,000 6. (i) Issue Date: January 24, 2019 (ii) Interest Commencement Date Issue Date 7. Maturity Date: Interest Payment Date falling in or nearest to January 2020-2-

8. Interest Basis: SONIA + 0.38 per cent. Floating Rate (further particulars specified below) 9. Redemption/Payment Basis: Subject to any purchase and cancellation or early redemption, the Notes would be redeemed on the Maturity Date at par 10. Change of Interest Basis: 11. Put Option/ Call Option: 12. (i) Date of Board approval for issuance of Notes obtained: (ii) Status of the Notes: 12A. Condition 4 Negative Covenant (Subordinated Notes): Senior Notes 13. Bail-inable Notes: No PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 14. Fixed Rate Note Provisions (Condition 5.02 and 5.02a) 15. Floating Rate Note Provisions (Condition 5.03) (i) Specified Period(s): (ii) Specified Interest Payment Date(s): January 24, April 24, July 24 and October 24 in each year up to and including the Maturity Date, adjusted for calculation of interest and for payment day purposes in accordance with the Business Day Convention specified in paragraph 15(iv) below (iii) First Interest Payment Date: April 24, 2019 (iv) Business Day Convention: (v) Business Centre(s): (vi) Manner in which the Rate(s) of Interest is/are to be determined: (vii) Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Issuing and Paying Agent): Modified Following Business Day Convention London, New York Screen Rate Determination Royal Bank of Canada, London Branch shall be the Calculation Agent -3-

(viii) Screen Rate Determination: Reference Rate: SONIA Interest Determination Date(s): The fifth London Banking Day prior to the end of each Interest Period Relevant Screen Page: Reuters Screen SONIA Page Relevant Time: Reference Banks: Relevant Financial Centre: Observation Look-Back Period: Five London Banking Days (ix) ISDA Determination: (x) Linear Interpolation: (xi) Margin(s): (xii) Minimum Rate of Interest: (Condition 5.03(v)) (xiii) Maximum Rate of Interest: (Condition 5.03(v)) (xiv) Day Count Fraction: +0.38 per cent. per annum Actual/365 (Fixed) (xv) Default Rate: As set out in Condition 5.04 16. Zero Coupon Note Provisions PROVISIONS RELATING TO REDEMPTION 17. Call Option (Condition 6.03) 18. Put Option (Condition 6.06) 19. Final Redemption Amount of each Note GBP1,000 per Calculation Amount 20. Bail-inable Notes TLAC Disqualification Event Call 21. Early Redemption Amount (i) Early Redemption Amount(s) payable on redemption for taxation reasons or on event of default: GBP1,000 per Calculation Amount (ii) Early Redemption Amount includes amount in respect of accrued interest: No: together with the Early Redemption Amount, accrued interest shall also be paid -4-

22. Provisions relating to the NVCC Automatic Conversion (Condition 8) : the Notes are not Subordinated Notes GENERAL PROVISIONS APPLICABLE TO THE NOTES 23. (i) Form of Notes: Bearer Notes Permanent Global Note exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note (ii) New Global Note: 24. Financial Centre(s) or other special provisions relating to payment dates: Yes London, New York 25. Relevant Renminbi Settlement Centre: 26. Calculation Agent for purposes of Condition 10.16 (if other than Issuing and Paying Agent): 27. Name and address of RMB Rate Calculation Agent (for purposes of Condition 10.17): 28. Branch of Account: London branch 29. Unmatured Coupons missing upon Early Redemption: 30. Talons for future Coupons to be attached to Definitive Notes (Condition 1.06) 31. Issuer access to register of creditors (Sw. skuldboken) in respect of Swedish Notes: Condition 10.06(ii) applies No 32. Alternative Currency Payment: Signed on behalf of the Issuer: By: /s/ Ivan Browne Duly authorised By: /s/ Anthony Tobin Duly authorised -5-

PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) Listing/Admission to Trading: Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange s regulated market with effect from January 24, 2019 (ii) Estimate of total expenses related to admission: GBP4,500 2. RATINGS Ratings: The Notes have been specifically rated A-1+ (Stable Outlook) by S&P Canada and are expected to be specifically rated Aa2 (Stable Outlook) by Moody s Canada 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE Save for any fees payable to RBC Europe Limited as discussed in Subscription and Sale, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer. 4. Fixed Rate Notes only YIELD Indication of yield: 5. OPERATIONAL INFORMATION (i) ISIN: XS1940101253 (ii) Common Code: 194010125 (iii) CFI Code: DTVXFB (iv) FISN: ROYAL BANK OF C/VAREMTN 20200124 (v) WKN or any other relevant codes: (vi) Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking S.A., their addresses and the relevant identification number(s): (vii) Names and addresses of additional Paying Agent(s), Registrar and Transfer Agents (if any): -6-

(viii) Intended to be held in a manner which would allow Eurosystem eligibility: No. Whilst the designation is specified as no at the date of these Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met. 6. DISTRIBUTION (i) Canadian Selling Restrictions: Canadian Sales not Permitted (ii) Prohibition of Sales to EEA Retail Investors: (iii) Whether TEFRA D or TEFRA C applicable or TEFRA Rules not applicable: (iv) Prohibition of Sales to Belgian Consumers: TEFRA Rules not applicable 7. USE OF PROCEEDS As per the Prospectus 8. EU BENCHMARK REGULATION EU Benchmark Regulation: Article 29(2) statement on benchmarks: Amounts payable under the Notes will be calculated by reference to SONIA which is provided by the Bank of England. As at the date hereof, the Bank of England does not appear on the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority pursuant to Article 36 of Regulation (EU) 2016/1011 (the Benchmarks Regulation ). As far as the Issuer is aware, the Bank of England does not fall within the scope of the Benchmarks Regulation by virtue of article 2 of that regulation. -7-