New Issue: RBC prices $1.84 million geared buffered digital return notes on two indexes, SPDR ETF

By William Gullotti

Buffalo, N.Y., May 1 – Royal Bank of Canada priced $1.84 million of geared buffered digital return notes due May 2, 2025 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 8.5% unless any underlier finishes below its buffer level, 75% of the initial level, in which case investors will lose 1.3333% for every 1% decline of the worst performer beyond 25%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered digital return notes
Underlying assets:	S&P 500 index, Russell 2000 index, Utilities Select Sector SPDR Fund
Amount:	$1.84 million
Maturity:	May 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.5% unless any index finishes below buffer level, in which case investors will lose 1.3333% for every 1% decline of the worst performer beyond 25%
Initial levels:	5,209.91 for S&P, 2,080.8 for Russell, $65.95 for ETF
Buffer levels:	3,907.43 for S&P, 1,560.6 for Russell, $49.46 for ETF; 75% of initial levels
Pricing date:	April 9
Settlement date:	April 12
Agent:	RBC Capital Markets, LLC
Fees:	0.06%
Cusip:	78017FSV6

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