New Issue: RBC sells $1.43 million capped gears tied to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., April 12 – Royal Bank of Canada priced $1.43 million of 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 13%.

Investors will be exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Capped gears
Underlying index:	MSCI EAFE
Amount:	$1,434,000
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to a maximum return of 13%; full exposure to losses
Initial index level:	1,802.03
Pricing date:	March 28
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78014E455

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