New Issue: RBC prices $3.05 million digital enhanced return notes linked to gold miners ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Royal Bank of Canada priced $3.05 million of 0% digital enhanced return notes due May 3, 2018 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is greater than or equal to negative 20%, the payout at maturity will be par plus the greater of the stock return and 10%, subject to a maximum return of 22.75%. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Digital enhanced return notes
Underlying stock:	Facebook, Inc.
Amount:	$3.05 million
Maturity:	May 3, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is greater than or equal to negative 20%, par plus greater of stock return and 10%, subject to 22.75% maximum return; otherwise, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$131.29
Barrier level:	$105.03, 80% of initial share price
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Underwriter:	RBC Capital Markets, LLC
Fees:	1.125%
Cusip:	78013GBT1

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