New Issue: RBC prices $1.25 million barrier digital return notes tied to Nasdaq, two ETFs

By William Gullotti

Buffalo, N.Y., Sept. 21 – Royal Bank of Canada priced $1.25 million of 0% barrier digital return notes due Sept. 20, 2027 linked to the least performing of the VanEck Gold Miners ETF, the Nasdaq-100 index and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If each of the underlying finishes at or above its 50% barrier level, the payout at maturity will be par plus the digital return of 45%.

Otherwise, investors will be fully exposed to the decline of the worst performer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier digital return notes
Underlying assets:	VanEck Gold Miners ETF, Nasdaq-100 index, iShares Silver Trust
Amount:	$1.25 million
Maturity:	Sept. 20, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above its barrier level, par plus 45%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	$21.11 for iShares, 15,202.4 for Nasdaq, $29.72 for VanEck
Barrier levels:	$10.56 for iShares, 7,601.2 for Nasdaq, $14.86 for VanEck; 50% of initial levels
Pricing date:	Sept. 15
Settlement date:	Sept. 20
Agent:	RBC Capital Markets, LLC
Fees:	0.1%
Cusip:	78016NZV2

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