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Published on 5/1/2018 in the Prospect News Structured Products Daily.

New Issue: RBC sells $4.93 million 17-month digital notes linked to S&P 500

By Susanna Moon

Chicago, May 1 – Royal Bank of Canada priced $4.93 million of 0% digital notes due Sept. 30, 2019 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 87.5% threshold, the payout at maturity will be the threshold settlement amount of $1,103.60 per $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:Royal Bank of Canada
Issue:Digital notes
Underlying index:S&P 500
Amount:$4,933,000
Maturity:Sept. 30, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is at least negative 12.5%, par plus 10.36%; otherwise, 1.1429% loss per 1% decline beyond 12.5%
Initial index level:2,634.56
Threshold level:87.5% of initial level
Pricing date:April 24
Settlement date:May 1
Agent:RBC Capital Markets, LLC
Fees:None
Cusip:78013XJQ2

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