RBC plans 25-month buffered notes with digital return tied to S&P 500

By Susanna Moon

Chicago, Dec. 18 - Royal Bank of Canada plans to price 25-month 0% buffered equity notes linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above the 82% barrier level, the payout at maturity will be par $1,082.50 to $1,094.50 per $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.2195% for each 1% decline beyond 18%.

RBC Capital Markets, LLC is the agent.

The Cusip number is 78008STG1.

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