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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