New Issue: RBC prices $604,000 buffered digital notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Dec. 28 – Royal Bank of Canada priced $604,000 of 0% buffered digital notes due May 1, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 38% if the index finishes at or above its initial level.

Investors will receive par if the index declines by no more than 15% and will lose 1% for every 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$604,000
Maturity:	May 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 38% if index finishes at or above initial level; par if index declines by no more than 15%; otherwise, loss of 1% for every 1% index decline beyond 15%
Initial level:	4,287.5
Threshold level:	3,644.38; 85% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016FJG0

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