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RBC to price three-year capped trigger gears linked to S&P MidCap 400
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Royal Bank of Canada plans to price 0% capped trigger gears due Feb. 26, 2021 linked to the S&P MidCap 400 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum gain of 22.8% to 25.8%. Investors will receive par if the index declines by 20% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 20%.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Feb. 23.
The Cusip number is 78013Q368.
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