New Issue: RBC prices $1.5 million barrier digital return notes on three indexes

By William Gullotti

Buffalo, N.Y., Sept. 30 – Royal Bank of Canada priced $1.5 million of 0% barrier digital return notes due Oct. 19, 2023 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes at or above its 60% barrier level, the payout at maturity will be par plus the digital return of 10.15%.

Otherwise, investors will be fully exposed to the decline of the worst performing component.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier digital return notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$1.5 million
Maturity:	Oct. 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index finishes at or above its barrier level, par plus 10.15%; otherwise, full exposure to any losses of worst performing index
Initial levels:	3,901.35 for S&P, 11,927.49 for Nasdaq, 1,825.234 for Russell
Barrier levels:	2,340.81 for S&P, 7,156.49 for Nasdaq, 1,095.14 for Russell; 60% of initial levels
Pricing date:	Sept. 15
Settlement date:	Sept. 20
Agent:	RBC Capital Markets, LLC
Fees:	0.6%
Cusip:	78016FU85

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