New Issue: RBC prices $3.82 million capped buffer gears linked to Stoxx Europe 600

By Sarah Lizee

Olympia, Wash., Oct. 1 – Royal Bank of Canada priced $3.82 million of 0% capped buffer gears due Sept. 30, 2021 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 42.25%.

Investors will receive par if the index falls by up to 20% and lose 1% for each 1% decline beyond 20%.

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

Issuer:	Royal Bank of Canada
Issue:	Capped buffer gears
Underlying index:	Stoxx Europe 600 index
Amount:	$3,820,250
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at 42.25%; par if index falls by up to 20% and exposure to any losses beyond 20%
Initial index level:	385.04
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	2.5%
Cusip:	78014G518

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