New Issue: RBC prices $1.67 million geared buffered digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Royal Bank of Canada priced $1.67 million of geared buffered digital notes due Dec. 2, 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 27.5% unless the index finishes below its buffer level, 85% of the initial level, in which case investors will lose 1.1765% for every 1% decline of the index beyond the 15% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered digital notes
Underlying index:	S&P 500 index
Amount:	$1.67 million
Maturity:	Dec. 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 27.5% unless the index finishes below buffer level, in which case investors will lose 1.1765% for every 1% decline of the index beyond 15%
Initial level:	4,550.43
Buffer level:	3,867.87; 85% of initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78016N6Z5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.