New Issue: RBC prices $1.03 million buffered digital absolute return notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 26 – Royal Bank of Canada priced $1.03 million of 0% buffered digital absolute return notes due Feb. 25, 2027 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 initial level, the payout at maturity will be par plus 23.3%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% decline of the index beyond the buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital absolute return notes
Underlying index:	S&P 500 index
Amount:	$1,028,000
Maturity:	Feb. 25, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 23.3%; if the index falls by up to buffer level, par plus the absolute value of the return of the index; otherwise, 1% loss for every 1% decline of the index beyond 20%
Initial level:	4,975.51
Buffer level:	3,980.41; 80% of initial level
Pricing date:	Feb. 20
Settlement date:	Feb. 23
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78017FGD9

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