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RBC to price trigger gears due 2024 linked to basket of six indexes
By Sarah Lizee
Olympia, Wash., Jan. 9 – Royal Bank of Canada plans to price 0% trigger gears due Jan. 31, 2024 linked to a basket of six indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei 225 index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
The payout at maturity will be par of $10 plus 2.76 to 2.86 times any basket gain.
If the basket falls but not below the 65% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Jan. 29.
The Cusip number is 78014H177.
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