RBC to price capped buffer gears due 2020 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., June 4 – Royal Bank of Canada plans to price 0% capped buffer gears due June 30, 2020 linked to the S&P 500 index, according to an FWP 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 14.35% to 16.35%.

Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.

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

The notes will price on June 26 and settle on June 29.

The Cusip number is 78014G104.

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