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RBC plans buffered bullish enhanced return notes on iShares MSCI EAFE
By Jennifer Chiou
New York, Sept. 16 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Sept. 30, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any increase in the fund's share price, capped at 28%. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that the share price declines beyond 15%.
The notes will price on Sept. 25 and settle on Sept. 30.
RBC Capital Markets Corp. is the underwriter.
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