New Issue: RBC sells $4.00 million 17-month digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Royal Bank of Canada priced $4,004,000 of 0% digital notes due July 9, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 10%, the payout at maturity will be the threshold settlement amount of $1,095.30 per $1,000 principal amount. Otherwise, investors will lose 1.1111% for every 1% decline in the index beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$4,004,000
Maturity:	July 9, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, par plus 9.53%; otherwise, 1.1111% loss for every 1% decline in the index beyond 10%
Initial index level:	2,823.81
Pricing date:	Jan. 31
Settlement date:	Feb. 7
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XEQ7

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