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RBC plans to price capped gears due 2018 linked to MSCI EAFE index
By Marisa Wong
Morgantown, W.Va., Dec. 2 – Royal Bank of Canada plans to price 0% capped gears due Feb. 28, 2018 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 16.37% to 17.37%. The exact cap will be set at pricing.
If the index return is negative, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Dec. 5.
The Cusip number is 78014E141.
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