New Issue: RBC prices $1.2 million geared buffered digital return notes on S&P, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., June 16 – Royal Bank of Canada priced $1.2 million of geared buffered digital return notes due July 12, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 13% unless any index finishes below its buffer level, 85% of the initial level, in which case investors will lose 1.1765% for every 1% decline of the worst performer beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered digital return notes
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$1.2 million
Maturity:	July 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 13% unless any index finishes below buffer level, in which case investors will lose 1.1765% for every 1% decline of the worst performer beyond 15%
Initial levels:	4,298.86 for S&P, 1,865.706 for Russell, 14,528.36 for Nasdaq
Buffer levels:	3,654.03 for S&P, 1,585.85 for Russell, 12,349.11 for Nasdaq; 85% of initial levels
Pricing date:	June 9
Settlement date:	June 14
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016NEG8

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