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Royal Bank of Canada plans to price trigger gears linked to index basket
By Emma Trincal
New York, Dec. 8 – Royal Bank of Canada plans to price 0% trigger gears due Dec. 19, 2028 linked to a basket of five indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with an 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is positive, the payout at maturity will be par plus 227% to 237% of the basket return. The exact participation rate will be set at pricing.
If the basket finishes at or above its 75% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the basket decline.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Dec. 15 and settle on Dec. 19.
The Cusip number is 78016R207.
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