New Issue: RBC sells $13.67 million 14-month capped gears tied to Euro Stoxx Banks

By Marisa Wong

Morgantown, W.Va., Jan. 5 – Royal Bank of Canada priced $13.67 million of 0% capped gears due Feb. 28, 2019 linked to the Euro Stoxx Banks 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 30.2%.

Investors will be exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Capped gears
Underlying index:	Euro Stoxx Banks
Amount:	$13,665,500
Maturity:	Feb. 28, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, up to a maximum return of 30.2%; full exposure to any losses
Initial level:	131.82
Pricing date:	Dec. 27
Settlement date:	Dec. 29
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78013F800

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