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RBC plans 14-month Accelerated Return Notes linked to Russell 2000
By Susanna Moon
Chicago, Dec. 23 - Royal Bank of Canada plans to price 0% Accelerated Return Notes due March 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a capped return of 11% to 15%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in January and settle February.
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