New Issue: RBC prices $4.85 million contingent digital return barrier notes on Energy Select Sector

By Wendy Van Sickle

Columbus, Ohio, May 4 – Royal Bank of Canada priced $4.85 million of 0% contingent digital return barrier notes due April 19, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund’s return is greater than or equal to its initial level, the payout at maturity will be par plus 47%. Investors will receive par if the fund falls by up to 25% and will be fully exposed to the decline otherwise.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying:	Energy Select Sector SPDR fund
Amount:	$4.85 million
Maturity:	April 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund’s return is greater than or equal to initial price, the payout at maturity will be par plus 47%; if fund falls by up to 25% par; otherwise full exposure to loss
Initial share price:	$48.40
Barrier price:	$36.30, 75% of initial level
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	78016EVU8

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