RBC plans three-year trigger gears with cap tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 10 – Royal Bank of Canada plans to price 0% trigger gears due July 29, 2021 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 5 times any index gain, up to a maximum gain of 53.5% to 58.5%.

If the index falls by up to 30%, the payout will be par.

If the index finishes below the 70% downside threshold, investors will lose 1% for each 1% decline.

The guarantor is Goldman Sachs Group, Inc.

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

The notes will price on July 27 and settle on July 31.

The Cusip number is 78014G302.

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