New Issue: RBC prices $444,000 digital notes linked to S&P 500

By Kiku Steinfeld

Chicago, Feb. 12 – Royal Bank of Canada priced $444,000 of 0% digital notes due Dec. 29, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 40%.

Otherwise, investors will receive par.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$444,000
Maturity:	Dec. 29, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 40%; otherwise, par
Initial level:	4,348.33
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agent:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78016NFW2

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