New Issue: RBC prices $2.55 million capped gears linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 7 – Royal Bank of Canada priced $2.55 million of 0% capped gears due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.94%.

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:	Russell 2000
Amount:	$2,545,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, capped at 20.94%; exposure to any losses
Initial level:	1,386.684
Pricing date:	Feb. 28
Settlement date:	March 3
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	None
Cusip:	78014E406

© 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.