New Issue: RBC prices $15.33 million Accelerated Return Notes on index basket

By Wendy Van Sickle

Columbus, Ohio, July 3 – Royal Bank of Canada priced $15.33 million of 0% Accelerated Return Notes due Aug. 28, 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 19.36%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
Amount:	$15,325,760
Maturity:	Aug. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, subject to a maximum return of 19.36%; full exposure to any basket decline
Initial index levels:	3,442.38 for Stoxx, 7,402.33 for FTSE, 21,338.17 for Nikkei, 9,859.76 for Swiss, 6,666.313 for S&P/ASX, 28,621.42 for Hang Seng
Pricing date:	June 27
Settlement date:	July 5
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	78014F478

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