New Issue: RBC prices $16.27 million Accelerated Return Notes on four tech stocks

By Marisa Wong

Morgantown, W.Va., Dec. 27 – Royal Bank of Canada priced $16.27 million of 0% Accelerated Return Notes due Feb. 23, 2018 linked to an equally weighted basket of four technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Alphabet, Inc., Amazon.com, Inc., Facebook, Inc. and Netflix, Inc.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 18.45%. Investors will be fully exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying stocks:	Alphabet, Inc. (Symbol: GOOGL), Amazon.com, Inc. (Symbol: AMZN), Facebook, Inc. (Symbol: FB) and Netflix, Inc. (Symbol: NFLX)
Amount:	$16,274,200
Maturity:	Feb. 23, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 300% of any basket gain, subject to a maximum return of 18.45%; investors will be fully exposed to any basket decline
Initial prices:	$771.22 for Amazon, $119.09 for Facebook, $815.20 for Alphabet and $125.12 for Netflix
Pricing date:	Dec. 20
Settlement date:	Dec. 30
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F502

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