New Issue: RBC prices $1 million contingent digital return barrier notes on S&P 500

By Kiku Steinfeld

Chicago, May 2 – Royal Bank of Canada priced $1 million of 0% contingent digital return barrier notes due Oct. 13, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its barrier level, 74.95% of initial level, the payout at maturity will be par plus 5%. Investors will be fully exposed to the decline otherwise.

RBC Capital Markets, LLC is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Oct. 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index final level is greater than or equal to its barrier level, the payout at maturity will be par plus 5%; otherwise, full exposure to index decline from its initial level
Initial level:	4,443.11
Barrier level:	3,330.11; 74.95% of initial level
Pricing date:	Sept. 28, 2021
Settlement date:	Oct. 1, 2021
Agent:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78016F2K9

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