New Issue: RBC prices $1 million geared buffered digital notes linked to Nvidia

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Royal Bank of Canada priced $1 million of geared buffered digital notes due Oct. 7, 2024 linked to the common shares of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 16% unless the stock finishes below its buffer level, 75% of the initial level, in which case investors will lose 1.3333% for every 1% decline of the stock beyond the 25% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered digital notes
Underlying stock:	Nvidia Corp.
Amount:	$1 million
Maturity:	Oct. 7, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 16% unless the stock finishes below buffer level, in which case investors will lose 1.3333% for every 1% decline of the stock beyond 25%
Initial level:	$434.99
Buffer level:	$326.24; 75% of initial level
Strike date:	Sept. 29
Pricing date:	Oct. 2
Settlement date:	Oct. 5
Agent:	RBC Capital Markets, LLC
Fees:	0.6%
Cusip:	78016NQ26

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