New Issue: RBC sells $8.96 million Accelerated Return Notes linked to SPDR Gold

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Royal Bank of Canada priced $8.96 million of 0% Accelerated Return Notes due Nov. 26, 2021 linked to the SPDR Gold Shares, 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, up to a maximum return of 18.03%. 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:	SPDR Gold Shares
Amount:	$8,957,410
Maturity:	Nov. 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at 18.03%; exposure to any ETF decline
Initial ETF level:	$175.44
Final ETF level:	Average of ETF’s closing levels on five trading days ending Nov. 22, 2021
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Underwriter:	BofA Merrill Lynch
Fees:	1.75%
Cusip:	78014T809

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