New Issue: RBC prices $848,000 of digital notes linked to a basket of financial stocks

By William Gullotti

Buffalo, N.Y., Jan. 19 – Royal Bank of Canada priced $848,000 of 0% digital notes due Jan. 21, 2025 linked to an equally-weighted basket of stocks consisting of Bank of America Corp., Comerica Inc. and Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes at or above its initial level, the payout at maturity will be par plus 22.25%.

Investors will be fully exposed to any basket decline.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying basket:	Bank of America Corp., Comerica Inc., Wells Fargo & Co.; equal weights
Amount:	$848,000
Maturity:	Jan. 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above initial level, par plus 22.25%; otherwise, full exposure to basket decline
Initial levels:	$33.60 for BofA, $55.55 for Comerica, $49.08 for Wells Fargo
Pricing date:	Jan. 10
Settlement date:	Jan. 16
Agent:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78017FBW2

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