New Issue: RBC prices $5.93 million capped gears linked to Consumer Staples

By Sarah Lizee

Olympia, Wash., April 30 – Royal Bank of Canada priced $5.93 million of 0% capped gears due June 30, 2020 linked to the Consumer Staples Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 14%.

Investors will lose 1% for each 1% decline.

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

Issuer:	Royal Bank of Canada
Issue:	Capped gears
Underlying fund:	Consumer Staples Select Sector SPDR fund
Amount:	$5,929,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any fund gain, capped at 14%; 1% loss for each 1% decline
Initial level:	$56.47
Pricing date:	April 25
Settlement date:	April 30
Agents:	RBC Capital Markets, LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	78014H631

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