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RBC plans buffered bullish enhanced return notes on Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 5 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Aug. 30, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, up to a maximum return of 42% to 50%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 78010UQZ3) are expected to price on Feb. 26 and settle on Feb. 28.
RBC Capital Markets, LLC is the agent.
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