RBC plans 14-month capped gears tied to Euro Stoxx Banks index

By Tali Rackner

Minneapolis, Jan. 5 – Royal Bank of Canada plans to price 0% capped gears due March 29, 2019 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus 3 times the gain, up to a maximum gain of 35% to 38%. The exact cap will be set at pricing.

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

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

The notes are expected to price on Jan. 8 and settle on Jan. 11.

The Cusip number is 78013Q202.

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