New Issue: RBC prices $795,000 digital barrier notes on Gold Miners

By Kiku Steinfeld

Chicago, Oct. 15 – Royal Bank of Canada priced $795,000 of 0% digital barrier notes due Sept. 29, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus the fixed return of 33.5%.

If the ETF falls but finishes at or above 65% of its initial level, the payout will be par.

Otherwise, investors will receive a number of Gold Miners shares equal to the principal amount divided by the initial level or, at the issuer’s option, the cash equivalent.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital barrier notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$795,000
Maturity:	Sept. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF finishes at or above its initial level, par plus 33.5%; if ETF falls but finishes at or above barrier level, par; otherwise, 26.03 Gold Miners shares or cash equivalent
Initial level:	$38.42
Barrier level:	$24.97; 65% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78013GYC3

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