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Published on 11/13/2023 in the Prospect News Structured Products Daily.

New Issue: RBC prices $2.35 million digital notes with barrier linked to S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Nov. 13 – Royal Bank of Canada priced $2.35 million of 0% digital notes with barrier due Dec. 5, 2024 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above barrier level, 70% of initial level, the payout at maturity will be par plus 11.45%.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:Royal Bank of Canada
Issue:Digital notes with barrier
Underlying indexes:S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:$2,354,000
Maturity:Dec. 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If the worst performing index finishes at or above barrier level, par plus 11.45%; otherwise, full exposure to decline of worst performer
Initial levels:4,317.78 for S&P, 14,919.54 for Nasdaq, 1,714.211 for Russell
Barrier levels:3,022.45 for S&P, 10,443.68 for Nasdaq, 1,199.948 for Russell; 70% of initial levels
Pricing date:Nov. 2
Settlement date:Nov. 7
Agent:RBC Capital Markets, LLC
Fees:None
Cusip:78016N2S5

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