New Issue: RBC prices $901,000 buffered digital return notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, June 15 – Royal Bank of Canada priced $901,000 of 0% buffered digital return notes due May 1, 2024 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 11.5% if the laggard index finishes at or above its 85% buffer level. Otherwise, investors will lose 1% for every 1% that the laggard index declines beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital return notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$901,000
Maturity:	May 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.5% if laggard index finishes at or above buffer level; otherwise, lose 1% for every 1% that the laggard index declines beyond 15%
Initial levels:	4,060.43 for S&P, 1,903.064 for Russell
Buffer levels:	3,451.37 for S&P, 1,617.604 for Russell, 85% of initial levels
Pricing date:	Jan. 26, 2023
Settlement date:	Jan. 31, 2023
Agent:	RBC Capital Markets, LLC
Fees:	2.4%
Cusip:	78016HKJ8

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