$9,137,000 Auto-Callable Contingent Coupon Barrier Notes Linked to t he Common Stock of Zoom Video Communications, Inc. due July 19, 2024, priced on July 16, 2021, were issued by Royal Bank of Canada. The pricing supplement for this note (CUSIP: 78016EHH3) can be found here. The notes had a $1,000 face value and paid a quarterly coupon of $23.125, so long as the notes had not been called and and Zoom all closed above 60% of their July 16, 2021 closing prices on a determination date. If and Zoom closed below 60% of their July 16, 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 Zoom all closed on the final determination date on July 16, 2024 and above 60% of their July 16, 2021 closing prices. If on July 16, 2024 and Zoom closed below 60% of their July 16, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and Zoom July 16, 2024 closing prices to their July 16, 2021 closing prices. The notes have matured. They paid one coupon totaling $23.125 and $163.44 repayment per $1,000 note. Investors thus suffered capital losses of $836.56 and net losses of $813.44.† In the aggregate, investors in this note suffered $7,643,658 in capital losses and $7,432,365 in net losses. See Table 1 and Figure 1.
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