New Issue: RBC prices $27.03 million Accelerated Return Notes on technology stocks

By Wendy Van Sickle

Columbus, Ohio, Sept. 4 – Royal Bank of Canada priced $27.03 million of 0% Accelerated Return Notes due Oct. 25, 2019 linked to a basket of four technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., each with a 25% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, up to a maximum return of 19.5%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying stocks:	Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., 25% weight each
Amount:	$27,028,610
Maturity:	Oct. 25, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 19.5%; exposure to any basket decline
Initial share prices:	$177.64 for Facebook, $2,002.38 for Amazon, $370.98 for Netflix and $1,245.44 for Alphabet
Pricing date:	Aug. 30
Settlement date:	Sept. 7
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F627

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