RBC plans three-year trigger gears with cap linked to Russell 2000

By Susanna Moon

Chicago, Jan. 10 – Royal Bank of Canada plans to price 0% trigger gears due Jan. 31, 2020 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 double any index gain, up to a maximum return of 35% to 38%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

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

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 78014E240.

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