New Issue: RBC sells $283,500 capped buffer gears tied to S&P 500

By Marisa Wong

Morgantown, W.Va., July 30 – Royal Bank of Canada priced $283,500 of 0% capped buffer gears due Jan. 30, 2020 linked to the S&P 500 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 14.36%.

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.

Issuer:	Royal Bank of Canada
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$283,500
Maturity:	Jan. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at 14.36%; par if index falls by up to 10% and exposure to any losses beyond 10%
Initial index level:	2,837.44
Pricing date:	July 26
Settlement date:	July 31
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	78014G328

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.