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RBC plans 24- to 27-month leveraged buffered notes on index basket
By Devika Patel
Knoxville, Tenn., Oct. 11 – Royal Bank of Canada will price 24- to 27-month leveraged buffered notes due 2018 linked to a basket of five indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount that is expected to be between $1,310.50 and $1,365.10 per $1,000 of notes and will be set at pricing along with the note’s maturity.
Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% decline in the index beyond 15%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78012KUE5.
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