New Issue: RBC prices $19.04 million digital notes due 2020 tied to Stoxx 50

By Sarah Lizee

Olympia, Wash., Oct. 4 – Royal Bank of Canada priced $19.04 million of 0% digital notes due Nov. 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold, the payout at maturity will be the threshold settlement amount of $$1,156.50 per $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$19,035,000
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 15%, $1,156.50 per $1,000 principal amount; otherwise, 1.1765% loss per 1% decline beyond 15%
Initial index level:	3,414.16
Threshold level:	85% of initial level
Pricing date:	Oct. 1
Settlement date:	Oct. 9
Agent:	RBC Capital Markets, LLC
Fees:	1.47%
Cusip:	78013XH92

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