New Issue: RBC prices $1.03 million digital notes with barrier tied to two indexes, ETF

By William Gullotti

Buffalo, N.Y., Jan. 9 – Royal Bank of Canada priced $1.03 million of 0% digital notes with barrier due Dec. 30, 2027 tied to the S&P 500 index, the VanEck Gold Miners ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes at or above barrier level, 55% of initial level, the payout at maturity will be par plus 40%.

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 assets:	S&P 500 index, VanEck Gold Miners ETF, Russell 2000 index
Amount:	$1,025,000
Maturity:	Dec. 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the worst performer finishes at or above barrier level, par plus 40%; otherwise, full exposure to decline of worst performer
Initial levels:	$31.17 for ETF, 4,783.35 for S&P, 2,058.335 for Russell
Barrier levels:	$17.14 for ETF, 2,630.84 for S&P, 1,132.084 for Russell; 55% of initial levels
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78017F7M9

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