By Susanna Moon
Chicago, Oct. 1 – Royal Bank of Canada priced $260,000 of 0% bullish barrier digital plus securities due March 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than the 145% threshold level, the payout will be par plus the gain.
If the index gains by up to the threshold, the payout will be par plus the digital return of 45%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Bullish barrier digital plus notes
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| Underlying index: | S&P 500
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| Amount: | $260,000
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| Maturity: | March 30, 2021
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| Price: | Par
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| Payout at maturity: | If index gains more than 45%, par plus return; if index gains by up to 45%, par plus 45%; par if index falls by up to 25%; full exposure to any losses if index finishes below barrier level
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| Initial index level: | 1,931.34
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| Barrier level: | 75% of initial level
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Underwriter: | RBC Capital Markets, LLC
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| Fees: | 3.25%
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| Cusip: | 78012KGJ0
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