New Issue: RBC sells $634,000 buffered digital return notes on SPDR S&P 500 ETF

By Kiku Steinfeld

Chicago, Sept. 13 – Royal Bank of Canada priced $634,000 of 0% buffered digital return notes due Dec. 27, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 7.1% if the ETF finishes at or above 85% of its initial level.

Otherwise, investors will lose 1% for every 1% of ETF decline below the 15% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital return notes
Underlying fund:	SPDR S&P 500 ETF Trust
Amount:	$634,000
Maturity:	Dec. 27, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.1% if ETF finishes at or above buffer level; otherwise, loss of 1% for every 1% ETF decline beyond 15%
Initial level:	$394.74
Buffer level:	$335.53; 85% of initial level
Pricing date:	March 1, 2023
Settlement date:	March 6, 2023
Agent:	RBC Capital Markets, LLC
Fees:	0.4%
Cusip:	78016HT83

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