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RBC plans buffered enhanced return notes on iShares MSCI EM fund
By Jennifer Chiou
New York, Dec. 19 - Royal Bank of Canada plans to price 0% buffered enhanced return notes linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 with the Securities and Exchange Commission.
The notes will mature about 18 months after pricing.
The payout at maturity will be par plus 1.7 times any gain in the index, up to a maximum payment of $1,161.50 to $1,178.50 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
The Cusip is 78008STF3.
RBC Capital Markets, LLC is the agent.
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