RBC to price Accelerated Return Notes tied to four technology stocks

By Devika Patel

Knoxville, Tenn., Aug. 24 – Royal Bank of Canada plans to price 0% Accelerated Return Notes due October 2019 linked to a basket of four equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of 15% to 19%. The exact cap will be set at pricing.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

The notes will price in August and settle in September.

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