New Issue: RBC prices $35.86 million Accelerated Return Notes on basket of financial stocks

By Sarah Lizee

Olympia, Wash., Dec. 26 – Royal Bank of Canada priced $35.86 million of 0% Accelerated Return Notes due Feb. 26, 2021 linked to a basket of financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Citigroup Inc. with a 33.33% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.34% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 22.93%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying stocks:	Citigroup Inc. with a 33.33% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.34% weight
Amount:	$35,861,780
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 22.93%; exposure to any basket decline
Initial share prices:	$78.20 for Citi, $137.35 for JPM, $50.86 for Morgan Stanley
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	78014F288

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