$10,629,000 Auto-Callable Contingent Coupon Barrier Notes Linked to t he Common Stock of ViacomCBS Inc. due June 20, 2024, priced on June 15, 2021, were issued by Royal Bank of Canada. The pricing supplement for this note (CUSIP: 78016E4Y0) can be found here. The notes had a $1,000 face value and paid a quarterly coupon of $22.50, so long as the notes had not been called and and Square all closed above 60% of their June 15, 2021 closing prices on a determination date. If and Square closed below 60% of their June 15, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $1,000 in principal if and Square all closed on the final determination date on June 17, 2024 and above 60% of their June 15, 2021 closing prices. If on June 17, 2024 and Square closed below 60% of their June 15, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and Square June 17, 2024 closing prices to their June 15, 2021 closing prices. The notes have matured. They paid two coupons totaling $45.00 and $274.42 repayment per $1,000 note. Investors thus suffered capital losses of $725.58 and net losses of $680.58.† In the aggregate, investors in this note suffered $7,712,150 in capital losses and $7,233,845 in net losses. See Table 1 and Figure 1.
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