New Issue: RBC prices $3.69 million Accelerated Return Notes on basket of sector indexes

By William Gullotti

Buffalo, N.Y., June 9 – Royal Bank of Canada priced $3.69 million of 0% Accelerated Return Notes due July 29, 2022 linked to a basket of sector indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Energy Select Sector index with a 33.34% weight, the Materials Select Sector index with a 33.33% weight and the Industrial Select Sector index 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 17.8%. Investors will be fully exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying indexes:	Energy Select Sector index with a 33.34% weight, Materials Select Sector index with a 33.33% weight and Industrial Select Sector index with a 33.33% weight
Amount:	$3,693,650
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 17.8%; otherwise, exposure to any basket decline
Initial levels:	540.46 for Energy, 918.25 for Materials, 1,040.42 for Industrial
Pricing date:	May 13
Settlement date:	May 20
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78014T486

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