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RBC plans to price capped buffer gears linked to index basket
By Sarah Lizee
Olympia, Wash., Sept. 25 – Royal Bank of Canada plans to price 0% capped buffer gears due Sept. 30, 2021 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.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 2 times the basket gain, up to a maximum return of par plus 26% to 29%.
If the basket falls by no more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket beyond the 10% buffer.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Sept. 26.
The Cusip number is 78014J439.
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