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RBC plans to price leveraged buffered notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 10 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due May 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 175% of the index return, subject to a maximum payment that is expected to be $1,950 to $2,050 per $1,000 principal amount and will be set at pricing.
Investors will receive par if the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 80% of the initial index level.
If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 20%.
Wells Fargo Securities, LLC is the agent.
The notes will price April 28.
The Cusip number is 78012KG84.
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