New Issue: RBC prices $1.05 million buffered digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Royal Bank of Canada priced $1.05 million of 0% buffered digital notes due March 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains finishes at or above its initial level, the payout at maturity will be par plus 22.1%. The payout will be par if the index falls by up to 10%, and investors will have exposure to losses beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$1,053,000
Maturity:	March 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or finishes flat, par plus 22.1%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	4,906.19
Buffer:	4,415.57, 90% of initial level
Call:	Non-callable
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Agent:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78017FE90

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