New Issue: RBC prices $2.77 million digital barrier notes tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., March 21 – Royal Bank of Canada priced $2.77 million of 0% digital barrier notes due April 11, 2025 linked to the performance of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 75% barrier level, the payout at maturity will be par plus the fixed return of 10.25%.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital barrier notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$2.77 million
Maturity:	April 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its barrier level, par plus 10.25%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	2,082.713 for Russell, 5,123.69 for S&P
Barrier levels:	1,562.035 for Russell, 3,842.77 for S&P; 75% of initial level
Pricing date:	March 8
Settlement date:	March 13
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78017FH97

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