$11,043,000 Auto-Callable Contingent Coupon Barrier Notes Linked to t he Common Stock of ViacomCBS Inc. due August 30, 2024, priced on August 27, 2021, were issued by Royal Bank of Canada. The pricing supplement for this note (CUSIP: 78016EG50) 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 ViacomCBS all closed above 65% of their August 27, 2021 closing prices on a determination date. If and ViacomCBS closed below 65% of their August 27, 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 ViacomCBS all closed on the final determination date on August 27, 2024 and above 65% of their August 27, 2021 closing prices. If on August 27, 2024 and ViacomCBS closed below 65% of their August 27, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and ViacomCBS August 27, 2024 closing prices to their August 27, 2021 closing prices. The notes have matured. They paid two coupons totaling $67.50 and $257.28 repayment per $1,000 note. Investors thus suffered capital losses of $742.72 and net losses of $675.22.† In the aggregate, investors in this note suffered $8,201,905 in capital losses and $7,456,503 in net losses. See Table 1 and Figure 1.
Established in 2000, SLCG Economic Consulting ("SLCG") specializes in providing finance, economics, and investment management consulting, as well as expert witness services to law firms, banks, brokerage firms, and individuals involved in complex litigation. Our team comprises predominantly PhD and MA-level professionals with diverse backgrounds in academia, industry, and government, many of whom have testified in state and federal courts as well as various arbitration forums. SLCG is a wholly owned subsidiary of McCann Yan Holdings, Inc., a Virginia incorporated company based in Northern Virginia.