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RBC plans 19- to 22-month leveraged buffered notes linked to MSCI EAFE
By Susanna Moon
Chicago, March 5 - Royal Bank of Canada plans to price 19- to 22-month 0% leveraged buffered notes due March 3, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any index gain, up to a maximum settlement amount of $1,156.00 to $1,188.50 for each $1,000 face amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78010USH1.
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