New Issue: RBC prices $9.21 million capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., July 27 – Royal Bank of Canada priced $9.21 million of 0% capped gears due Sept. 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum gain of 16%.

If the index return is negative, investors will be fully 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:	Russell 2000
Amount:	$9,210,780
Maturity:	Sept. 29, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 3 times index return, subject to 16% maximum gain; if index return is negative, full exposure to decline
Initial index level:	1,216.859
Pricing date:	July 26
Settlement date:	July 29
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78014C384

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