Overview
If the closing price of the Reference Stock is greater than or equal to the Coupon Barrier on the applicable Observation Date, we will pay the Contingent Coupon applicable to that 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.Payment at Maturity
If the Notes are not previously called, we will pay you at maturity an amount based on the Final Stock Price:
For each $1,000 in principal amount, $1,000, unless the Final Stock Price is less than the Trigger Price. You will also receive the final Contingent Coupon (and any previously unpaid Contingent Coupons) if the Final Stock Price is greater than the Coupon Barrier.
If the Final Stock Price is less than the Trigger Price, then the investor will receive at maturity, for each $1,000 in principal amount, a cash payment equal to: $1,000 + ($1,000 x Reference Stock Return)
Underlying Asset
| SCHLUMBERGER NV (SLB) |
Summary Details
| Initial Price of Note | 100.00 % of par |
| Secondary Market Price as of 14-Aug-23 | Called 102.03 % of par* |
| Trade Date | 14-Nov-22 |
| Issue Date | 17-Nov-22 |
| Valuation Date | 14-Nov-25 |
| Maturity Date | 19-Nov-25 |
| Term | 3 years |
| Denomination | USD |
| CUSIP | 78016H5H9 |
| Classification | Income |
| Product Type | Non-Principal Return Notes |
| Structure | Autocallable |
| Protection Type | Barrier |
| Trigger Price | 50 % of the initial price |
| Autocall Trigger | 100 % of the initial level |
| Coupon Barrier | 50 % of the initial level |
| Coupon (per annum) | 12.00 % |
| Call Type | Autocall |
| Autocall Frequency | Quarterly |
| Coupon Observation Frequency | Quarterly |
| Call Schedule Start | Non-Call 6 months |
| Settlement | Cash |
| Memory | Yes |
* 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
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 *
| Day Over Day Price Change | 0.05 | |
| 52 Week High | 102.03 (14-Aug-23) | |
| 52 Week Low | 88.35 (31-May-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 14-Nov-22 |
Current Level as of 14-Aug-23 |
Trigger Price |
Trigger Price Level |
Coupon Barrier |
Coupon Barrier Level |
Percentage Change |
Trigger Price Breach |
Call Status |
|---|---|---|---|---|---|---|---|---|---|---|
| SCHLUMBERGER NV | SLB | 54.07 |
59.52 |
50.00% |
27.04 |
50.00% |
27.04 |
10.08% |
No |
Called |
* 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
* 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 |
|---|---|---|---|---|
| 14-Feb-23 | 17-Feb-23 | 50% | 3.00 | |
| 15-May-23 | 18-May-23 | 50% | 3.00 | 100% |
| 14-Aug-23 | 17-Aug-23 | 50% | - Autocalled | 100% |
| Total Distributions to Date | 6.00 |
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
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