New Issue: RBC prices $4.79 million gears on index basket

By William Gullotti

Buffalo, N.Y., Jan. 4 – Royal Bank of Canada priced $4.79 million of 0% gears due May 16, 2024 linked to an unequally-weighted 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 17.5% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.9 times the basket return.

Investors will be fully exposed to any basket decline.

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

Issuer:	Royal Bank of Canada
Issue:	Gears
Underlying basket:	Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$4,785,000
Maturity:	May 16, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 1.9 times any basket gain; full exposure to basket’s decline
Initial levels:	4,370.33 for Stoxx, 29,609.97 for Nikkei, 7,347.91 for FTSE, 12,516.05 for Swiss, 7,443.048 for S&P/ASX
Pricing date:	Nov. 12
Settlement date:	Nov. 17
Underwriter:	RBC Capital Markets, LLC, UBS Financial Services Inc.
Fees:	None
Cusip:	78014U756

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