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RBC plans to price capped gears due 2020 tied to basket of indexes
By Sarah Lizee
Olympia, Wash., Nov. 7 – Royal Bank of Canada plans to price 0% capped gears due Jan. 31, 2020 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 an 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 23.5% to 25.5%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
The notes will price on Nov. 28.
The Cusip number is 78014G757.
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