RBC reports plans to sell capped trigger gears tied to S&P MidCap 400

By Devika Patel

Knoxville, Tenn., June 8 – Royal Bank of Canada plans to price 0% capped trigger gears due June 30, 2021 linked to the S&P MidCap 400 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 2 times the index return, subject to a maximum return that is expected to be between 23.25% and 25.25% and will be set at pricing.

Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 25%.

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

The notes (Cusip: 78014G120) will price on June 26 and settle on June 29.

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