New Issue: RBC sells $2.78 million capped buffer gears tied to basket of 10 stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Royal Bank of Canada priced $2.78 million of 0% capped buffer gears due Feb. 10, 2020 linked to a basket of 10 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket stocks are Apple Inc., Adobe Systems Inc., Amazon.com, Inc., Cisco Systems, Inc., Facebook, Inc., Alphabet Inc., Intel Corp., Microsoft Corp., Netflix, Inc. and Nvidia Corp.

The payout at maturity will be par of $10 plus double any basket gain, up to a maximum return of 21.8%.

Investors will receive par if the basket falls by up to 10% and lose 1% for each 1% decline beyond 10%.

RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.

Issuer:	Royal Bank of Canada
Issue:	Capped buffer gears
Basket stocks:	Apple Inc., Adobe Systems Inc., Amazon.com, Inc., Cisco Systems, Inc., Facebook, Inc., Alphabet Inc., Intel Corp., Microsoft Corp., Netflix, Inc., Nvidia Corp.
Amount:	$2,775,900
Maturity:	Feb. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, capped at 21.8%; par if index falls by up to 10% and exposure to any losses beyond 10%
Initial levels:	$156.49 for Apple, $190.27 for Adobe, $1,390.00 for Amazon, $38.78 for Cisco, $181.26 for Facebook, $1,055.80 for Alphabet, $44.52 for Intel, $88.00 for Microsoft, $254.26 for Netflix, $213.70 for Nvidia
Pricing date:	Feb. 5
Settlement date:	Feb. 8
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	0%
Cusip:	78013Q418

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