New Issue: RBC prices $535,000 buffered digital notes linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – Royal Bank of Canada priced $535,000 of 0% buffered digital notes due Nov. 28, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final value of each asset is greater than or equal to 80% of its initial value, the payout at maturity will be par plus 20.25%.

If either asset falls by more than 20%, investors will be exposed to the lesser-performing asset’s decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered digital notes
Underlying assets:	Euro Stoxx 50 index and iShares MSCI Emerging Markets exchange-traded fund
Amount:	$535,000
Maturity:	Nov. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing asset gains or falls by up to 20%, par plus 20.25%; otherwise, 1loss for each 1% decline of lesser-performing asset beyond 20%
Initial levels:	3,687.32 for index, $42.87 for ETF
Buffer levels:	2,949.86 for index, $34.30 for ETF, 80% of initial levels
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78015KGL2

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