New Issue: RBC prices $1 million buffered digital return notes linked to S&P, Russell

By William Gullotti

Buffalo, N.Y., Nov. 13 – Royal Bank of Canada priced $1 million of 0% buffered digital return notes due Dec. 11, 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 8.65% if the laggard index finishes at or above its 75% digital barrier.

Otherwise, investors will lose 1% for every 1% that the laggard index declines beyond 25%.

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:	$1 million
Maturity:	Dec. 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.65% if laggard index finishes at or above digital barrier; otherwise, lose 1% for every 1% that the laggard index declines beyond 25%
Initial levels:	4,365.98 for S&P, 1,737.939 for Russell
Digital barriers:	3,274.49 for S&P, 1,303.454 for Russell; 75% of initial levels
Pricing date:	Nov. 6
Settlement date:	Nov. 9
Agent:	RBC Capital Markets, LLC
Fees:	0.4%
Cusip:	78016N3U9

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