New Issue: RBC sells $2.63 million Accelerated Return Notes on Gold Miners

By Kiku Steinfeld

Chicago, April 19 – Royal Bank of Canada priced $2.63 million of 0% Accelerated Return Notes due May 27, 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, capped at par plus 33.6%. Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying ETF:	VanEck Vectors Gold Miners
Amount:	$2,629,730
Maturity:	May 27, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at par plus 33.6%; exposure to any ETF decline
Initial value:	$32.24
Final value:	Average of ETF’s closing prices on five trading days ending May 24, 2022
Pricing date:	March 25
Settlement date:	April 1
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78014T643

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