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RBC plans to price leveraged buffered notes linked to index basket
By Marisa Wong
Morgantown, W.Va., Jan. 30 – Royal Bank of Canada plans to price 0% leveraged buffered notes due in 20 to 23 months linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 200% of any basket gain, up to a maximum settlement amount expected to be between $1,376.60 and $1,442.00 for each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78013XXU7.
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