RBC plans to price buffered digital notes linked to index, ETF

By Sarah Lizee

Olympia, Wash., Nov. 21 – Royal Bank of Canada plans to price 0% buffered digital notes due Nov. 28, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final value of each asset is greater than or equal to 80% of its initial value, the payout at maturity will be par plus 20.25%.

If either asset falls by more than 20%, investors will be fully exposed to the lesser-performing asset’s decline beyond 20%.

RBC Capital Markets, LLC is the agent.

The notes will price on Nov. 22.

The Cusip number is 78015KGL2.

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