New Issue: RBC sells $466,000 capped gears linked to Financial Select Sector SPDR

By Marisa Wong

Morgantown, W.Va., Aug. 3 – Royal Bank of Canada priced $466,000 of 0% capped gears due Sept. 28, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 14.5%.

If the fund return is negative, investors will lose 1% for each 1% decline.

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

Issuer:	Royal Bank of Canada
Issue:	Capped gears
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$466,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any fund gain, up to a maximum return of 14.5%; 1% loss for each 1% fund decline
Initial price:	$25.05
Pricing date:	July 26
Settlement date:	July 31
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	78013F107

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