New Issue: RBC prices $5.45 million capped trigger gears linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Dec. 29 – Royal Bank of Canada priced $5.45million of 0% capped trigger gears due Dec. 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 28.4%.

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% downside threshold level.

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

Issuer:	Royal Bank of Canada
Issue:	Capped trigger gears
Underlying index:	Russell 2000
Amount:	$5,446,000
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at 28.4%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
Initial level:	1,544.226
Downside threshold:	1,158.17, 75% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013F784

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