New Issue: RBC sells $7.77 million trigger gears linked to basket of indexes

By Sarah Lizee

Olympia, Wash., Feb. 1 – Royal Bank of Canada priced $7.77 million of 0% trigger gears due Jan. 31, 2024 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 2.97 times any basket gain.

Investors will receive par if the basket falls by up to 35% and will be fully exposed to any losses if it finishes below its 65% downside threshold.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
Amount:	$7,773,550
Maturity:	Jan. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2.97 times any basket gain; par if basket falls by up to 35% and full exposure to any losses if basket finishes below 65% downside threshold
Initial index levels:	3,153.42 for Stoxx, 6,833.93 for FTSE, 20,664.64 for Nikkei, 8,940.52 for Swiss, 5,874.166 for S&P/ASX, 27,531.68 for Hang Seng
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	3.5%
Cusip:	78014H177

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.