New Issue: RBC prices $3.05 million barrier digital return notes on S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., June 16 – Royal Bank of Canada priced $3.05 million of 0% barrier digital return notes due Dec. 12, 2024 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 70% barrier level, the payout at maturity will be par plus the digital return of 14%.

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:	$3.05 million
Maturity:	Dec. 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index finishes at or above its barrier level, par plus 14%; otherwise, full exposure to any losses of worst performing index
Initial levels:	4,298.86 for S&P, 14,528.36 for Nasdaq, 1,865.706 for Russell
Barrier levels:	3,009.2 for S&P, 10,169.85 for Nasdaq, 1,305.994 for Russell; 70% of initial levels
Pricing date:	June 9
Settlement date:	June 14
Agent:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78016NGT8

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