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Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon Linked to a Basket of Three Equity Securities, Due March 20, 2024

Overview

If the Observation Level of the Basket is greater than or equal to its Coupon Barrier (60% of the Initial Value) on the applicable Observation Date, we will pay the Contingent Coupon applicable to the corresponding Observation Date, together with any Contingent Coupons that were not previously paid. You may not receive any Contingent Coupons during the term of the Notes.

If the Observation Level of the Basket is greater than or equal to the Initial Basket Level starting on September 15, 2021 and on any Observation Date thereafter, the Notes will be automatically called for 100% of their principal amount, plus the Contingent Coupon applicable to the corresponding Observation Date, together with any unpaid Contingent Coupons.

Payment at Maturity

If the Notes are not previously called, we will pay you at maturity an amount based on the Final Basket Level. For each $1,000 in principal amount, $1,000 plus the Contingent Coupon (and any previously unpaid Contingent Coupons) at maturity, unless the Final Basket Level is less than the Trigger Level (60% of the Initial Value).

If the Final Basket Level is less than its Trigger Level, then the investor will receive at maturity, for each $1,000 in principal amount, an amount that is less than the principal amount, representing the percentage decrease in the value of the Basket from the Trade Date to the Valuation Date.


Underlying Asset

American Airlines Group Inc (AAL)
Southwest Airlines Co (LUV)
UNITED AIRLINES HOLDINGS INC (UAL)

Summary Details

Initial Price of Note 100.00 % of par
Secondary Market Price as of 15-Mar-24 56.62 % of par*
Trade Date 15-Mar-21
Issue Date 18-Mar-21
Valuation Date 15-Mar-24
Maturity Date Matured 20-Mar-24
Term 3 years
Denomination USD
CUSIP 78016EMC8
Classification Income
Product Type Non-Principal Return Notes
Structure Autocallable
Protection TypeBarrier
Trigger Price60 % of the initial price
Autocall Trigger100 % of the initial level
Coupon Barrier60 % of the initial level
Coupon (per annum)10.50 %
Call TypeAutocall
Autocall FrequencyQuarterly
Coupon Observation FrequencyQuarterly
Call Schedule StartNon-Call 6 months
Call Start Date15-Sep-21
SettlementCash
MemoryYes
* The secondary market prices shown are represented as a percentage of principal amount, based on a $1000 investment and are indicative only. The secondary market prices do not necessarily reflect a price at which a holder may be able to actually sell their note. For RBC Wealth Management advisors, please call 612-371-7707. For all other clients, please call 1-877-688-2301 or email rbcnotes@rbccm.com.
The materials and information on this page are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the relevant Notes

Historical Indicative Secondary Market Prices


Benchmarks

Historical Secondary Market Pricing *

DatePrice
15-Mar-2456.62
13-Mar-2458.75
11-Mar-2488.39
07-Mar-2494.84
05-Mar-2490.10
01-Mar-2495.28
29-Feb-2497.20
28-Feb-2495.42
27-Feb-2495.79
26-Feb-2493.87
23-Feb-2493.10
19-Feb-2483.04
15-Feb-2486.51
12-Feb-2484.00
09-Feb-2481.86
07-Feb-2476.62
02-Feb-2474.61
01-Feb-2473.28
29-Jan-2477.68
26-Jan-2478.89
24-Jan-2472.43
22-Jan-2465.96
16-Jan-2463.08
15-Jan-2464.23
11-Jan-2478.78
10-Jan-2477.25
09-Jan-2475.99
01-Jan-2469.67
28-Dec-2372.45
27-Dec-2371.81
26-Dec-2372.57
25-Dec-2374.43
22-Dec-2374.41
19-Dec-2374.18
15-Dec-2375.65
13-Dec-2371.58
11-Dec-2369.46
08-Dec-2369.99
30-Nov-2358.72
29-Nov-2357.54
28-Nov-2356.36
27-Nov-2356.30
24-Nov-2357.98
23-Nov-2358.18
22-Nov-2358.19
20-Nov-2359.37
17-Nov-2358.52
13-Nov-2353.48
10-Nov-2353.60
07-Nov-2352.81
01-Nov-2348.35
31-Oct-2348.41
30-Oct-2348.95
26-Oct-2350.04
25-Oct-2349.99
24-Oct-2350.79
23-Oct-2351.85
19-Oct-2353.15
17-Oct-2361.08
16-Oct-2360.17
11-Oct-2364.47
10-Oct-2363.59
06-Oct-2367.45
05-Oct-2367.42
02-Oct-2367.33
29-Sep-2368.19
28-Sep-2368.67
27-Sep-2366.93
26-Sep-2367.61
25-Sep-2369.61
22-Sep-2370.56
21-Sep-2371.82
20-Sep-2373.17
19-Sep-2374.62
15-Sep-2376.30
14-Sep-2374.98
12-Sep-2379.70
11-Sep-2379.96
08-Sep-2379.66
07-Sep-2379.56
06-Sep-2381.36
05-Sep-2381.98
04-Sep-2384.31
01-Sep-2384.32
31-Aug-2384.36
30-Aug-2384.58
29-Aug-2384.93
28-Aug-2383.12
25-Aug-2382.41
24-Aug-2382.44
23-Aug-2383.81
22-Aug-2383.10
21-Aug-2384.16
18-Aug-2383.31
17-Aug-2383.63
16-Aug-2385.51
15-Aug-2386.17
14-Aug-2387.62
11-Aug-2387.28
10-Aug-2387.87
09-Aug-2387.64
08-Aug-2389.19
07-Aug-2388.11
04-Aug-2386.77
03-Aug-2386.49
02-Aug-2387.28
01-Aug-2388.22
31-Jul-2389.70
28-Jul-2389.46
27-Jul-2388.13
26-Jul-2390.66
25-Jul-2390.02
24-Jul-2391.76
21-Jul-2392.63
20-Jul-2391.90
19-Jul-2392.28
18-Jul-2392.04
17-Jul-2390.83
14-Jul-2390.66
13-Jul-2391.85
12-Jul-2392.43
11-Jul-2392.93
10-Jul-2392.47
07-Jul-2391.69
06-Jul-2390.73
05-Jul-2391.67
04-Jul-2391.32
03-Jul-2391.33
30-Jun-2390.64
29-Jun-2389.67
28-Jun-2390.32
26-Jun-2387.22
23-Jun-2386.53
22-Jun-2387.03
21-Jun-2386.88
20-Jun-2386.67
19-Jun-2386.76
15-Jun-2399.78
14-Jun-2399.34
13-Jun-2398.57
12-Jun-2396.49
09-Jun-2394.62
08-Jun-2393.65
07-Jun-2393.17
06-Jun-2391.72
05-Jun-2390.33
02-Jun-2390.37
01-Jun-2388.01
31-May-2388.64
30-May-2388.66
29-May-2387.05
26-May-2386.99
25-May-2386.65
24-May-2384.32
23-May-2386.71
22-May-2387.11
19-May-2387.95
18-May-2389.16
16-May-2383.29
15-May-2383.89
12-May-2382.52
11-May-2383.06
10-May-2384.30
09-May-2385.72
08-May-2384.90
03-May-2383.73
02-May-2383.04
01-May-2383.93
27-Apr-2379.14
26-Apr-2378.68
24-Apr-2383.58
21-Apr-2383.81
20-Apr-2383.99
18-Apr-2381.57
17-Apr-2380.82
14-Apr-2378.77
13-Apr-2379.85
11-Apr-2384.99
10-Apr-2383.16
07-Apr-2381.81
06-Apr-2381.83
05-Apr-2380.96
04-Apr-2382.14
03-Apr-2383.36
31-Mar-2385.20
30-Mar-2383.52
28-Mar-2380.20
27-Mar-2379.24
24-Mar-2377.44
23-Mar-2377.40
20-Mar-2379.79
17-Mar-2379.39
16-Mar-2380.78
14-Mar-2385.73
10-Mar-2391.46
09-Mar-2393.31
08-Mar-2395.54
07-Mar-2394.84
06-Mar-2394.14
03-Mar-2394.68
02-Mar-2393.79
01-Mar-2393.46
28-Feb-2393.20
27-Feb-2391.97
24-Feb-2391.40
23-Feb-2391.99
22-Feb-2390.55
21-Feb-2390.51
20-Feb-2393.30
17-Feb-2393.27
16-Feb-2393.14
15-Feb-2394.15
14-Feb-2393.87
13-Feb-2392.54
10-Feb-2391.70
09-Feb-2392.76
08-Feb-2393.92
07-Feb-2394.39
06-Feb-2394.22
03-Feb-2394.53
02-Feb-2395.41
01-Feb-2393.53
31-Jan-2392.32
30-Jan-2391.24
27-Jan-2392.62
26-Jan-2392.69
25-Jan-2392.76
24-Jan-2391.62
23-Jan-2391.33
20-Jan-2391.06
19-Jan-2389.82
18-Jan-2390.46
17-Jan-2392.05
11-Jan-2386.96
09-Jan-2383.36
06-Jan-2381.27
05-Jan-2379.02
03-Jan-2372.86
02-Jan-2373.91
30-Dec-2273.94
27-Dec-2273.96
26-Dec-2276.23
23-Dec-2276.21
22-Dec-2275.25
21-Dec-2277.58
20-Dec-2276.23
19-Dec-2275.51
16-Dec-2277.06
14-Dec-2280.39
12-Dec-2284.73
09-Dec-2282.78
08-Dec-2282.35
06-Dec-2286.28
05-Dec-2285.59
02-Dec-2284.98
01-Dec-2284.93
30-Nov-2285.38
29-Nov-2284.17
28-Nov-2282.82
25-Nov-2284.96
24-Nov-2284.10
23-Nov-2284.10
22-Nov-2282.87
21-Nov-2282.06
18-Nov-2282.60
17-Nov-2281.65
16-Nov-2282.12
15-Nov-2283.12
14-Nov-2282.63
11-Nov-2283.44
09-Nov-2280.03
08-Nov-2280.50
07-Nov-2280.86
04-Nov-2280.02
03-Nov-2278.18
02-Nov-2277.66
01-Nov-2279.66
31-Oct-2279.59
28-Oct-2279.44
27-Oct-2278.13
26-Oct-2277.07
25-Oct-2277.73
24-Oct-2276.15
21-Oct-2274.13
20-Oct-2272.58
19-Oct-2273.32
18-Oct-2271.70
17-Oct-2269.51
14-Oct-2268.98
12-Oct-2266.53
11-Oct-2265.53
10-Oct-2265.66
06-Oct-2268.23
05-Oct-2269.22
03-Oct-2264.38
30-Sep-2263.95
27-Sep-2264.88
20-Sep-2274.44
15-Sep-2276.38
14-Sep-2277.02
12-Sep-2278.74
09-Sep-2277.85
05-Sep-2271.61
02-Sep-2271.61
01-Sep-2271.29
31-Aug-2271.22
30-Aug-2272.95
29-Aug-2273.58
25-Aug-2276.92
24-Aug-2275.25
23-Aug-2274.36
22-Aug-2273.91
18-Aug-2278.43
17-Aug-2278.44
16-Aug-2280.28
15-Aug-2279.72
12-Aug-2278.90
11-Aug-2277.46
10-Aug-2277.48
09-Aug-2275.71
08-Aug-2277.12
05-Aug-2276.14
04-Aug-2276.32
02-Aug-2273.51
01-Aug-2274.58
29-Jul-2273.12
28-Jul-2273.11
26-Jul-2272.19
25-Jul-2273.70
22-Jul-2273.28
20-Jul-2278.13
18-Jul-2275.18
15-Jul-2274.61
14-Jul-2272.95
13-Jul-2273.34
11-Jul-2269.62
08-Jul-2270.84
07-Jul-2270.92
06-Jul-2270.27
05-Jul-2270.48
04-Jul-2269.34
01-Jul-2269.41
30-Jun-2268.08
29-Jun-2268.88
28-Jun-2270.51
27-Jun-2270.69
23-Jun-2267.96
22-Jun-2268.55
21-Jun-2267.99
20-Jun-2267.54
15-Jun-2269.74
14-Jun-2268.53
09-Jun-2278.57
08-Jun-2280.78
07-Jun-2282.51
06-Jun-2281.40
03-Jun-2280.90
02-Jun-2282.90
01-Jun-2282.24
31-May-2284.09
30-May-2284.52
27-May-2284.59
25-May-2278.76
23-May-2280.77
20-May-2279.37
19-May-2280.56
18-May-2280.99
16-May-2280.03
12-May-2277.04
11-May-2279.03
10-May-2280.72
06-May-2284.22
05-May-2285.55
04-May-2287.59
03-May-2286.58
02-May-2285.10
29-Apr-2285.55
28-Apr-2286.85
27-Apr-2285.59
26-Apr-2284.91
25-Apr-2287.15
22-Apr-2287.37
21-Apr-2288.36
20-Apr-2286.09
19-Apr-2285.71
18-Apr-2283.76
15-Apr-2284.41
14-Apr-2284.46
12-Apr-2280.26
11-Apr-2279.92
08-Apr-2278.67
07-Apr-2279.73
06-Apr-2281.15
05-Apr-2283.11
04-Apr-2284.08
01-Apr-2283.80
31-Mar-2283.81
30-Mar-2283.59
29-Mar-2283.43
28-Mar-2281.33
25-Mar-2280.56
24-Mar-2279.94
23-Mar-2278.27
22-Mar-2278.89
21-Mar-2277.06
18-Mar-2278.04
17-Mar-2276.61
16-Mar-2276.22
14-Mar-2271.28
11-Mar-2271.16
10-Mar-2271.86
03-Mar-2278.54
02-Mar-2280.79
28-Feb-2283.37
25-Feb-2284.85
24-Feb-2283.11
23-Feb-2282.93
22-Feb-2285.49
21-Feb-2286.25
18-Feb-2286.28
17-Feb-2287.15
16-Feb-2288.73
14-Feb-2285.50
11-Feb-2286.04
10-Feb-2288.40
09-Feb-2288.68
08-Feb-2287.08
07-Feb-2284.61
04-Feb-2282.80
03-Feb-2282.76
02-Feb-2283.92
01-Feb-2283.96
28-Jan-2279.65
27-Jan-2279.93
26-Jan-2281.13
25-Jan-2281.15
24-Jan-2281.18
21-Jan-2281.71
20-Jan-2283.95
19-Jan-2285.01
18-Jan-2286.37
17-Jan-2287.52
14-Jan-2287.56
13-Jan-2288.81
12-Jan-2286.81
11-Jan-2287.58
10-Jan-2286.91
07-Jan-2287.66
06-Jan-2285.97
05-Jan-2286.57
04-Jan-2286.95
31-Dec-2183.84
30-Dec-2183.76
29-Dec-2183.47
28-Dec-2184.05
27-Dec-2182.77
24-Dec-2182.75
23-Dec-2182.77
22-Dec-2182.29
20-Dec-2178.42
17-Dec-2178.15
15-Dec-2181.60
14-Dec-2181.82
10-Dec-2185.14
09-Dec-2185.61
08-Dec-2186.57
07-Dec-2185.19
03-Dec-2180.88
30-Nov-2183.68
29-Nov-2183.97
25-Nov-2189.78
24-Nov-2189.73
23-Nov-2189.85
22-Nov-2190.27
19-Nov-2189.63
18-Nov-2190.29
17-Nov-2191.90
16-Nov-2192.27
15-Nov-2193.77
12-Nov-2193.48
11-Nov-2194.76
10-Nov-2195.11
09-Nov-2195.95
08-Nov-2196.19
05-Nov-2196.13
04-Nov-2193.67
03-Nov-2193.74
02-Nov-2192.59
01-Nov-2192.93
29-Oct-2191.56
28-Oct-2191.60
27-Oct-2191.08
26-Oct-2192.09
25-Oct-2191.79
22-Oct-2191.76
21-Oct-2192.55
20-Oct-2192.26
19-Oct-2192.33
18-Oct-2192.75
15-Oct-2193.06
14-Oct-2192.96
13-Oct-2192.48
12-Oct-2193.39
11-Oct-2192.86
08-Oct-2193.59
07-Oct-2193.71
06-Oct-2194.12
05-Oct-2194.80
04-Oct-2194.40
01-Oct-2194.65
30-Sep-2192.35
29-Sep-2193.44
28-Sep-2193.64
27-Sep-2194.07
25-Sep-2193.70
24-Sep-2193.70
23-Sep-2193.04
22-Sep-2191.58
21-Sep-2189.44
20-Sep-2190.36
17-Sep-2189.87
16-Sep-2189.53
15-Sep-2191.35
14-Sep-2190.77
13-Sep-2191.31
10-Sep-2190.34
09-Sep-2192.38
08-Sep-2190.80
07-Sep-2191.39
06-Sep-2191.24
03-Sep-2191.31
02-Sep-2191.98
01-Sep-2191.56
31-Aug-2191.77
30-Aug-2190.78
27-Aug-2192.29
26-Aug-2191.62
25-Aug-2192.07
24-Aug-2191.80
23-Aug-2189.93
20-Aug-2188.00
19-Aug-2188.19
18-Aug-2189.67
17-Aug-2189.97
16-Aug-2191.18
13-Aug-2191.54
12-Aug-2192.40
11-Aug-2193.32
10-Aug-2192.79
09-Aug-2191.73
06-Aug-2192.89
05-Aug-2192.50
04-Aug-2190.45
03-Aug-2191.99
02-Aug-2191.90
30-Jul-2192.34
29-Jul-2194.09
28-Jul-2194.43
27-Jul-2194.32
26-Jul-2195.23
23-Jul-2194.13
22-Jul-2194.25
21-Jul-2194.96
19-Jul-2189.81
16-Jul-2192.61
15-Jul-2194.02
14-Jul-2194.47
13-Jul-2193.93
12-Jul-2195.44
09-Jul-2195.47
08-Jul-2194.19
07-Jul-2194.63
06-Jul-2195.44
05-Jul-2196.27
02-Jul-2196.27
01-Jul-2196.30
30-Jun-2195.76
29-Jun-2195.60
28-Jun-2195.93
25-Jun-2196.84
24-Jun-2197.02
23-Jun-2196.93
22-Jun-2197.04
21-Jun-2197.03
18-Jun-2196.35
17-Jun-2196.35
16-Jun-2196.83
15-Jun-2199.73
14-Jun-21100.21
11-Jun-21100.24
10-Jun-2199.99
09-Jun-21100.21
08-Jun-21100.57
07-Jun-21100.35
04-Jun-21100.34
03-Jun-21100.57
02-Jun-21101.70
01-Jun-21101.28
31-May-21101.00
28-May-21101.04
27-May-21101.14
26-May-21100.56
25-May-21100.19
24-May-2199.84
21-May-2199.32
20-May-2198.91
19-May-2199.18
18-May-21100.08
17-May-21100.07
14-May-2199.79
13-May-2198.26
12-May-2197.75
11-May-2199.21
10-May-21100.12
07-May-21100.41
06-May-2199.49
05-May-2199.53
04-May-2199.29
03-May-21100.24
30-Apr-21100.02
29-Apr-2199.59
28-Apr-2199.70
27-Apr-2199.60
26-Apr-2199.62
23-Apr-2198.91
22-Apr-2198.00
21-Apr-2198.64
20-Apr-2197.57
19-Apr-2199.31
16-Apr-2199.57
15-Apr-2199.37
14-Apr-2199.61
13-Apr-2199.44
12-Apr-2199.45
09-Apr-21100.11
08-Apr-21100.51
07-Apr-21100.62
06-Apr-21100.94
05-Apr-21100.67
02-Apr-2199.84
01-Apr-2199.93
31-Mar-2199.53
30-Mar-2199.61
29-Mar-2198.70
26-Mar-2198.98
25-Mar-2198.49
24-Mar-2197.35
23-Mar-2197.24
22-Mar-2198.50
19-Mar-2199.16
18-Mar-21100.00



Day Over Day Price Change -2.13
52 Week High 99.78 (15-Jun-23)
52 Week Low 48.35 (01-Nov-23)
The materials and information on this page are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the relevant Notes

Performance of Underlying Assets

Underlying Asset Ticker
Initial Level
as of 15-Mar-21
Current Level
as of 15-Mar-24
Trigger Price
Trigger Price Level
Coupon Barrier
Coupon Barrier Level
Percentage Change
Trigger Price Breach
 Call Status
American Airlines Group Inc AAL
25.17
13.96
60.00%
15.10
60.00%
15.10
-44.54%
Yes
 Matured
Southwest Airlines Co LUV
62.10
28.35
60.00%
37.26
60.00%
37.26
-54.35%
Yes
 Matured
UNITED AIRLINES HOLDINGS INC UAL
60.94
43.62
60.00%
36.56
60.00%
36.56
-28.42%
No
 Matured
 
* For informational purposes only. Barrier will only be applied on relevant observation dates and at maturity.
* For informational purposes only. Whether a Booster will be paid will depend only on the level of the Underlying Asset at maturity.
The materials and information on this page are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the relevant Notes

Call/Coupon Observations

Observation Date Payment Date Coupon Barrier Level Payment Amount (%) Autocall Redemption Level
15-Jun-21 18-Jun-21 60% 2.625
15-Sep-21 20-Sep-21 60% 2.625 100%
15-Dec-21 20-Dec-21 60% 2.625 100%
15-Mar-22 18-Mar-22 60% 2.625 100%
15-Jun-22 21-Jun-22 60% 0.00 100%
15-Sep-22 20-Sep-22 60% 0.00 100%
15-Dec-22 20-Dec-22 60% 0.00 100%
15-Mar-23 20-Mar-23 60% 0.00 100%
15-Jun-23 20-Jun-23 60% 13.125 100%
15-Sep-23 20-Sep-23 60% 0.00 100%
15-Dec-23 20-Dec-23 60% 0.00 100%
15-Mar-24 20-Mar-24 60% - 100%
Total Distributions to Date 23.62
The materials and information on this page are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the relevant Notes

Documents

Prospectus
The materials and information on this page are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the relevant Notes