New Issue: RBC prices $7.38 million bullish barrier return notes with digital coupon on S&P 500

By Susanna Moon

Chicago, Oct. 3 – Royal Bank of Canada priced $7.38 million of bullish barrier return notes with digital coupon due Oct. 3, 2019 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 the digital coupon of 50%.

If the index falls by up to the 90% barrier level, the payout will be par.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier return notes with digital coupon
Underlying index:	S&P 500
Amount:	$7,383,000
Maturity:	Oct. 3, 2019
Price:	Par
Payout at maturity:	If index gains, par plus 50%; if index falls by up to barrier level, par; otherwise, 1.1111% loss per 1% drop beyond 10%
Initial index level:	1,972.29
Barrier level:	90% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78010U3N5

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