New Issue: RBC prices $500,000 barrier digital return notes on S&P, Nasdaq, Russell

Chicago, Feb. 11 – Royal Bank of Canada priced $500,000 of 0% barrier digital return notes due June 28, 2024 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par if no index closes below 50% of its initial level during the life of the notes or if all three indexes finish positive.

Otherwise, investors will be fully exposed to the losses of the worst performer.

Investors will also receive an 8.3% digital payment if all three indexes close above their 50% barrier level at maturity.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier digital return notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$500,000
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par if all three indexes finish above initial levels or no index closes below 50% barrier level during life of notes; otherwise, full exposure to decline of worst performer; 8.3% digital return will be paid if all three indexes end at maturity above 50% barrier level
Initial levels:	4,151.28 for S&P, 13,938.53 for Nasdaq, 1,754.605 for Russell
Barrier levels:	2,075.64 for S&P, 6,969.27 for Nasdaq, 877.303 for Russell; 50% of initial levels
Pricing date:	May 25, 2023
Settlement date:	May 31, 2023
Agent:	RBC Capital Markets, LLC
Fees:	0.65%
Cusip:	78016NDJ3

© 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.