New Issue: RBC sells $14.79 million Accelerated Return Notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., March 29 – Royal Bank of Canada priced $14.79 million of 0% Accelerated Return Notes due May 26, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, capped at par plus 26.01%.

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
Amount:	$14,794,020
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 26.01%; otherwise, full exposure to any index decline
Initial value:	3,863.39
Final value:	Average of index’s closing levels on five trading days ending May 23, 2023
Pricing date:	March 24
Settlement date:	March 31
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78015B682

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