New Issue: RBC prices $3.18 million Accelerated Return Notes on basket of three stocks

By William Gullotti

Buffalo, N.Y., Dec. 29 – Royal Bank of Canada priced $3.18 million of 0% Accelerated Return Notes due Feb. 24, 2023 linked to a basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Coinbase Global, Inc. with a 33.34% weight, Meta Platforms, Inc. with a 33.33% weight and Signature Bank with a 33.33% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 25.01%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying stocks:	Coinbase Global, Inc. (33.34% weight), Meta Platforms, Inc. (33.33% weight), Signature Bank (33.33% weight)
Amount:	$3,177,890
Maturity:	Feb. 24, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 25.01%; otherwise, exposure to any basket decline
Initial share prices:	$254.55 for Coinbase, $330.45 for Meta, $320.30 for Signature
Pricing date:	Dec. 22
Settlement date:	Jan. 3, 2022
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78015B880

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.