New Issue: RBC prices $991,000 digital notes due 2023 tied to MSCI EAFE

By Kiku Steinfeld

Chicago, Aug. 12 – Royal Bank of Canada priced $991,000 of 0% digital notes due Sept. 20, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold, the payout at maturity will be the threshold settlement amount of $1,120.30 per $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the dealer.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	MSCI EAFE
Amount:	$991,000
Maturity:	Sept. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, $1,120.30 per $1,000 principal amount; otherwise, 1.1111% loss per 1% decline beyond 10%
Initial index level:	2,302.81
Threshold level:	90% of initial level
Pricing date:	July 16
Settlement date:	July 23
Dealer:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016EMD6

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