New Issue: RBC prices $3 million digital plus barrier notes linked to Stoxx

By William Gullotti

Buffalo, N.Y., March 30 – Royal Bank of Canada priced $3 million of 0% digital plus barrier notes due March 28, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be the greater of par plus the index return and par plus the 30% digital return.

If the index declines up to 10%, investors will receive par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.

RBC Capital Markets, LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying index:	Euro Stoxx 50 index
Amount:	$3 million
Maturity:	March 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, the greater of par plus the index return and par plus the 30% digital return; if the index declines up to 10%, par; otherwise, full exposure to decline
Initial level:	3,863.39
Barrier level:	3,477.05; 90% of initial level
Pricing date:	March 24
Settlement date:	March 29
Agent:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.5%
Cusip:	78016FGY4

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