New Issue: RBC sells $3.19 million one-year Stars linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 28 – Royal Bank of Canada priced $3.19 million of 0% Strategic Accelerated Redemption Securities due Jan. 7, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 6.15% if the index closes at or above its initial level on June 22, Sept. 21, 2018 or Dec. 28, 2018.

If the notes are not called, investors will lose 1% for every 1% that the final index level is less than the initial index level.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$3,187,360
Maturity:	Jan. 7, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	1% loss for every 1% that final index level is less than initial index level
Call:	At par plus 6.15% per year if index closes at or above initial level on June 22, Sept. 21, 2018 or Dec. 28, 2018
Initial index level:	2,684.57
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Merrill Lynch
Fees:	1.2%
Cusip:	78014F833

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