New Issue: RBC prices $15.88 million Accelerated Return Notes on Energy Select Sector

By Wendy Van Sickle

Columbus, Ohio, May 2 – Royal Bank of Canada priced $15.88 million of 0% Accelerated Return Notes due June 28, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payout of par plus 33%.

Investors will be exposed to any fund decline.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$15,875,740
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any fund gain, capped at par plus 33%; full exposure to any fund decline
Initial level:	$83.83
Final level:	Average of closing levels on five trading days ending June 25, 2024
Pricing date:	April 27
Settlement date:	May 4
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78074B805

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