New Issue: RBC prices $10.18 million digital notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Oct. 28 – Royal Bank of Canada priced $10.18 million of 0% digital notes due Oct. 5, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% threshold level, the payout at maturity will be the threshold settlement amount of $1,130 for each $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$10,183,000
Maturity:	Oct. 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above 87.5% of initial level, $1,130 for each $1,000 principal amount; otherwise, 1.1429% loss for each 1% decline beyond 12.5%
Initial level:	2,143.16
Pricing date:	Oct. 25
Settlement date:	Nov. 1
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KUT2

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