RBC to price digital notes linked to SPDR S&P Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., Aug. 17 – Royal Bank of Canada plans to price 0% digital notes linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will have a term of 24 to 27 months.

If the fund return is at least negative 10%, the payout at maturity will be the threshold settlement amount of $1,127.40 to $1,149.80 per $1,000 principal amount.

Investors will lose 1.1111% for every 1% decline beyond 10%.

RBC Capital Markets, LLC is the agent.

The Cusip number is 78012K4H7.

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