New Issue: RBC prices $1.67 million buffered digital notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Dec. 15 – Royal Bank of Canada priced $1.67 million of 0% buffered digital notes due Dec. 11, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 18% if the index finishes at or above its 90% buffer level.

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

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$1.67 million
Maturity:	Dec. 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 18% if index finishes at or above buffer level; otherwise, loss of 1% for every 1% index decline beyond 10%
Initial level:	4,585.59
Threshold level:	4,127.03; 90% of initial level
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78017F4P5

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