New Issue: RBC prices $15.61 million Accelerated Return Notes on index basket

By Sarah Lizee

Olympia, Wash., May 1 – Royal Bank of Canada priced $15.61 million of 0% Accelerated Return Notes due June 26, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 25.1%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$15,613,190
Maturity:	June 26, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 25.1%; exposure to any basket decline
Initial levels:	3,491.92 for Stoxx, 7,434.13 for FTSE, 22,307.58 for Nikkei, 9,694.06 for Swiss, 6,385.646 for S&P/ASX and 29,549.80 for Hang Seng
Pricing date:	April 25
Settlement date:	May 2
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F528

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