By Sarah Lizee
Olympia, Wash., July 3 – Royal Bank of Canada priced $15,979,190 of 0% Accelerated Return Notes due Aug. 30, 2019 linked to a basket of three defense sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Raytheon Co., Lockheed Martin Corp. and Boeing Co.
The payout at maturity will be par of $10 plus 300% of any basket gain, up to a maximum return of 18.06%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | Raytheon Co. (33.33% weight), Lockheed Martin Corp. (33.33% weight) and Boeing Co. (33.34% weight)
|
| Amount: | $15,979,190
|
| Maturity: | Aug. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 18.06%; exposure to any basket decline
|
| Initial share prices: | $192.92 for Raytheon, $295.24 for Lockheed Martin and $334.65 for Boeing Co.
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 78014F718
|
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