RBC to price buffered digital notes due 2024 linked to S&P 500

By Sarah Lizee

Olympia, Wash., Feb. 25 – Royal Bank of Canada plans to price 0% buffered digital notes due April 1, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus 25% to 27%.

Otherwise, investors will lose 1% for each 1% decline beyond the buffer.

RBC Capital Markets, LLC is the underwriter.

The notes will price on March 26.

The Cusip number is 78013X2J6.

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