New Issue: RBC sells $6.16 million capped trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Royal Bank of Canada priced $6.16 million of capped trigger gears due Oct. 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum payout of par plus 45.75%.

Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

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

Issuer:	Royal Bank of Canada
Issue:	Capped trigger gears
Underlying index:	S&P 500 index
Amount:	$6,159,840
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 45.75%; par if index declines by 25% or less; otherwise, full exposure to index decline from initial level
Initial level:	3,830.6
Downside threshold:	2,872.95; 75% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78016G102

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