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RBC plans contingent return optimization securities tied to Euro Stoxx
By Tali Rackner
Norfolk, Va., Nov. 2 – Royal Bank of Canada plans to price 0% contingent return optimization securities due Nov. 30, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par of $10 plus the greater of the 8% contingent return and any index gain, up to a maximum return of 20% to 24% that will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price Nov. 25 and settle Nov. 30.
The Cusip number is 78013C153.
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