New Issue: RBC prices $13.23 million Accelerated Return Notes linked to gold ETF

By Marisa Wong

Los Angeles, Nov. 5 – Royal Bank of Canada priced $13.23 million of 0% Accelerated Return Notes due Dec. 31, 2021 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any increase in the ETF, capped at par plus 38.04%. Investors will be exposed to any decline in the ETF’s share price.

BofA Securities, Inc. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Accelerated Return Notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$13,227,830
Maturity:	Dec. 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any increase in ETF, capped at par plus 38.04%; exposure to any ETF decline
Initial share price:	$36.95
Final share price:	Average of closing share prices on five trading days ending Dec. 28, 2021
Pricing date:	Oct. 29
Settlement date:	Nov. 5
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	78014T858

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