RBC plans to price capped gears linked to basket of 25 stocks

By Sarah Lizee

Olympia, Wash., Feb. 6 – Royal Bank of Canada plans to price 0% capped gears due March 31, 2020 linked to an equally weighted basket of 25 selected equity securities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Albemarle Corp., Alliance Data Systems Corp., Ameriprise Financial, Inc., Bed Bath & Beyond Inc., Conagra Brands, Inc., Dana Inc., First Horizon National Corp., Floor & Decor Holdings, Inc., Gardner Denver Holdings, Inc., General Mills, Inc., Hanesbrands Inc., Keurig Dr Pepper Inc., Kraft Heinz Co., L Brands, Inc., Lincoln National Corp., Macerich Co., McDermott International, Inc., Olin Corp., Principal Financial Group, Inc., Schneider National, Inc., State Street Corp., Synchrony Financial, Tenneco Inc., Terex Corp. and Transocean Ltd.

The payout at maturity will be par of $10 plus double any basket gain, up to a maximum return of 18.25% to 20.75%.

Investors will be exposed to any losses.

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

The notes will price on Feb. 25.

The Cusip number is 78014H243.

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