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RBC plans leveraged buffered notes due 2018 linked to five indexes
By Susanna Moon
Chicago, Jan. 9 – Royal Bank of Canada plans to price 0% leveraged buffered notes due in 17 to 20 months linked to a basket of five indexes, according to an FWP filed with the Securities and Exchange Commission.
The basket consists of 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 of $1,286.65 to $1,337.05 per $1,000 of notes. The exact cap will be set at pricing.
Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78012KYK7.
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