RBC plans 14-month capped gears linked to Euro Stoxx 50 index

By Marisa Wong

Morgantown, W.Va., May 25 – Royal Bank of Canada plans to price 0% capped gears due July 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any index gain, up to a maximum return of 21% to 24%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

The notes will price on May 26.

The Cusip number is 78014E695.

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