New Issue: RBC prices $8.41 million Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 28 – Royal Bank of Canada priced $8.41 million of 0% Accelerated Return Notes due Oct. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level will be the lowest closing level of the index during the period from and including the pricing date to and including Nov. 25.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.92%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$8,406,850
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 16.92%; exposure to any index decline
Initial index level:	Lowest closing index level during period from and including pricing date to and including Nov. 25
Final index level:	Average of index’s closing levels on five trading days ending Oct. 26, 2021
Pricing date:	Oct. 24
Settlement date:	Oct. 31
Underwriters:	BofA Securities, Inc.
Fees:	2%
Cusip:	78014F361

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