RBC aims to price capped gears due 2017 linked to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., Sept. 26 – Royal Bank of Canada plans to price 0% capped gears due Oct. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 20.6% to 21.6%. The exact cap will be set at pricing.

If the index return is negative, investors will lose 1% for each 1% decline.

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

The notes (Cusip: 78014C574) will price on Sept. 28 and settle on Sept. 30.

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