New Issue: RBC prices $3.73 million digital index-linked notes linked to MSCI EAFE

By Kiku Steinfeld

Chicago, April 16 – Royal Bank of Canada priced $3.73 million of 0% digital index-linked notes due Sept. 12, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 82.5% of its initial level, the payout at maturity will be $1,181 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital index-linked notes
Underlying index:	MSCI EAFE index
Amount:	$3,729,000
Maturity:	Sept. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, $1,181 per $1,000 principal amount of notes; otherwise, 1.2121% loss for every 1% that index declines beyond 17.5%
Initial index level:	2,188.99
Buffer level:	82.5% of initial level
Pricing date:	July 14, 2023
Settlement date:	July 21, 2023
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016NNA1

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