New Issue: RBC prices $1.88 million digital plus barrier notes linked to S&P, Russell

By William Gullotti

Buffalo, N.Y., April 2 – Royal Bank of Canada priced $1.88 million of 0% digital plus barrier notes due March 27, 2028 tied 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.

If each index finishes at or above its initial level, the payout at maturity will be the greater of par plus the laggard index’s return and par plus the 46.75% digital return.

If the laggard index declines but finishes at or above its 75% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the laggard index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,883,000
Maturity:	March 27, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, the greater of par plus the laggard index’s return and par plus 46.75%; if the laggard index falls by no more than 25%, par; otherwise, full exposure to decline of laggard index from initial level
Initial levels:	5,234.18 for S&P, 2,071.998 for Russell
Barrier levels:	3,925.64 for S&P, 1,553.999 for Russell; 75% of initial levels
Pricing date:	March 22
Settlement date:	March 27
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78017FJG9

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