New Issue: RBC prices $382,000 digital notes with barrier linked to S&P, Russell

Chicago, Feb. 14 – Royal Bank of Canada priced $382,000 of 0% digital notes with barrier due July 3, 2025 tied to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above downside threshold, 70% of initial level, the payout at maturity will be par plus the 12.25% digital payment.

Otherwise, investors will lose 1% for every 1% that the worst performer’s final level is less than its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes with barrier
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$382,000
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the worst performing index finishes at or above downside threshold, par plus 12.25% digital payment; otherwise, full exposure to decline of worst performer
Initial levels:	4,783.35 for S&P, 2,058.335 for Russell
Downside thresholds:	3,348.35 for S&P, 1,440.835 for Russell; 70% of initial levels
Pricing date:	Dec. 28, 2023
Settlement date:	Jan. 3, 2024
Agent:	RBC Capital Markets, LLC
Fees:	0.226%
Cusip:	78017F3P6

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