New Issue: RBC prices $5.65 million capped trigger gears tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Royal Bank of Canada priced $5.65 million of 0% capped trigger gears due Feb. 28, 2022 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 2 times any index gain, capped at par plus 30.75%.

If the index finishes flat or falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines below the initial 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:	$5,654,890
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 30.75%; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
Initial level:	1,588.805
Downside threshold:	1,191.604, 75% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78014H250

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