Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MSCI EAFE index > News item |
RBC plans to price 14-month capped gears linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., March 28 – Royal Bank of Canada plans to price 0% capped gears due May 31, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3 times any index gain, up to a maximum return of at least 13% to 15.75%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on March 29.
The Cusip number is 78014E455.
© 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.