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RBC plans to price 14-month capped gears linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Feb. 27 – Royal Bank of Canada plans to price 0% capped gears due April 30, 2018 linked to the Russell 2000 index, according to an FWP 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 19.15% to 21.15%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Feb. 28 and settle on March 3.
The Cusip number is 78014E406.
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