New Issue: RBC prices $377,000 buffered digital notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., April 26 – Royal Bank of Canada priced $377,000 of 0% buffered digital notes due April 30, 2024 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 80% buffer, the payout at maturity will be par plus 25.5%.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$377,000
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 20%, par plus 25.5%; otherwise, 1% loss for each 1% decline beyond 20%
Initial level:	2,926.17
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	RBC Capital Markets, LLC
Fees:	3.5%
Cusip:	78013X4S4

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