New Issue: RBC prices $34.74 million Accelerated Return Notes linked to gold ETF

By Marisa Wong

Los Angeles, Aug. 10 – Royal Bank of Canada priced $34,741,210 of 0% Accelerated Return Notes due Sept. 24, 2021 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any increase in the ETF, capped at par plus 46.05%. Investors will be exposed to any decline in the ETF’s share price.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$34,741,210
Maturity:	Sept. 24, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any increase in ETF, capped at par plus 46.05%; exposure to any ETF decline
Initial share price:	$41.63
Final share price:	Average of closing share prices on five trading days ending Sept. 21, 2021
Pricing date:	July 30
Settlement date:	Aug. 6
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78014T205

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