New Issue: RBC sells $46.58 million Accelerated Return Notes tied to Euro Stoxx 50

By Marisa Wong

Los Angeles, March 30 – Royal Bank of Canada priced $46.58 million of 0% Accelerated Return Notes due May 27, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

RBC priced a total of 4,666,400 units, each with a $10 principal amount, and sold 1,582,915 of those units at $9.95 each to an individual investor.

The payout at maturity will be par of $10 plus triple any index gain, capped at par plus 18.7%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50 index
Principal amount:	$46,664,000 (4,666,400 units with a $10 face amount each)
Amount:	$46,584,854.25
Maturity:	May 27, 2022
Coupon:	0%
Price:	$9.95 for 1,582,915 units sold to individual investor, par of $10 for remainder of notes sold to public
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 18.7%; exposure to any index decline
Initial index level:	3,832.57
Final index level:	Average of index’s closing levels on five trading days ending May 24, 2022
Pricing date:	March 25
Settlement date:	April 1
Underwriter:	BofA Securities, Inc.
Fees:	1.25% for notes sold to individual investor, 1.75% for notes sold to public
Cusip:	78014T585

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