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RBC to price capped levered market plus notes on Technology Select
By Sarah Lizee
Olympia, Wash., Feb. 5 – Royal Bank of Canada plans to price 0% capped levered market plus notes due Aug. 14, 2019 linked to the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any fund gain, capped at par plus 10.76%.
Investors will lose 1% for each 1% fund decline below the initial level.
RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
The notes will price on Feb. 8.
The Cusip number is 78013XYT9.
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