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Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item
Published on 8/12/2013 in the Prospect News Structured Products Daily.

RBC plans to price collared floating-rate notes due 2018

By Marisa Wong

Madison, Wis., Aug. 12 - Royal Bank of Canada plans to price floating-rate notes due Aug. 28, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be Libor, subject to a minimum coupon of 1.15% and a maximum coupon of 4%. Interest will be payable quarterly.

The payout at maturity will be par.

The notes (Cusip: 78008SWH5) will settle on Aug. 28.

RBC Capital Markets, LLC is the underwriter.


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