RBC aims to price capped gears due 2017 tied to iShares MSCI EAFE ETF

By Devika Patel

Knoxville, Tenn., Oct. 11 – Royal Bank of Canada plans to price 0% capped gears due Dec. 29, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus triple the gain, up to a maximum gain of 14% to 17%. The exact cap will be set at pricing.

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

UBS Financial Services Inc. is the agent.

The notes (Cusip: 78014C590) will price on Oct. 26 and settle on Oct. 31.

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