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RBC plans bullish barrier enhanced return notes linked to Euro Stoxx
By Marisa Wong
Madison, Wis., July 1 - Royal Bank of Canada plans to price bullish barrier enhanced return notes due Aug. 2, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any gain in the index, up to a maximum return of 40% to 52% that will be set at pricing. Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% that the index declines from the initial level if it declines by more than 30%.
RBC Capital Markets, LLC is the agent.
The notes will price on July 29 and settle on July 31.
The Cusip number is 78008S4U7.
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