New Issue: RBC prices $295,000 barrier digital return notes linked to Dow, Nasdaq, Russell

By Angela McDaniels

Tacoma, Wash., May 7 – Royal Bank of Canada priced $295,000 of 0% barrier digital return notes due Aug. 19, 2024 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least performing index is greater than or equal to its barrier level, 65% of its initial level, then the payout at maturity will be par plus 9.5%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier digital return notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:	$295,000
Maturity:	Aug. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of least performing index is greater than or equal to barrier level, par plus 9.5%; otherwise, full exposure to decline of worst performing index
Initial levels:	34,509.03 for Dow, 15,565.60 for Nasdaq and 1,931.090 for Russell
Barrier levels:	22,430.87 for Dow, 10,117.64 for Nasdaq and 1,255.209 for Russell, or 65% of initial levels
Pricing date:	July 14, 2023
Settlement date:	July 19, 2023
Agent:	RBC Capital Markets, LLC
Fees:	0.375%
Cusip:	78016NMZ7

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