New Issue: RBC prices $12.00 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 13 – Royal Bank of Canada priced $12,001,000 of 0% digital notes due Jan. 13, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 11.1%.

If the index falls by more than 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$12,001,000
Maturity:	Jan. 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.1% unless index falls by more than 10%, in which case 1.1111% loss for every 1% index decline beyond 10%
Initial level:	3,446.83
Pricing date:	Oct. 8
Settlement date:	Oct. 16
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016EDP9

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