New Issue: RBC prices $7.68 million capped gears linked to basket of six indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Royal Bank of Canada priced $7.68 million of 0% capped gears due Feb. 28, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 14.3%.

Investors will be exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight) and S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$7,681,310
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 14.3%; 1% loss per 1% decline
Initial levels:	3,581.37 for Stoxx, 6,602.65 for FTSE, 27,568.15 for Nikkei, 10,682.04 for Swiss Market, 6,700.291for S&P/ASX and 26,568.49 for Hang Seng
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Underwriters:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	78014M515

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