New Issue: RBC prices $5.54 million digital barrier notes on Russell 2000, S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 5 – Royal Bank of Canada priced $5.54 million of 0% digital barrier notes due March 31, 2025 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index ends above its 70% barrier the payout at maturity will be par plus 9.45%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital barrier notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$5,535,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 70% barrier, par plus 9.45%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
Initial levels:	2,028.968 for Russell 2000, 5,069.53 for S&P 500
Digital payment:	9.45%
Barriers:	1,420.278 for Russell 2000, 3,548.67 for S&P 500, 70% of initial level
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78017FHV8

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