New Issue: RBC prices $1.01 million buffered digital notes linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., March 21 – Royal Bank of Canada priced $1.01 million of 0% buffered digital notes due April 17, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than or equal to zero, the payout at maturity will be par plus 16.68%. If the ETF falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% that the ETF declines beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1.01 million
Maturity:	April 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than or equal to zero, par plus 16.68%; if ETF falls by up to 10%, par; otherwise, 1.1111% loss for every 1% that ETF declines beyond 10%
Initial share price:	$34.06
Pricing date:	March 15
Settlement date:	March 22
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013XHF8

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