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RBC plans buffered notes linked to ICE Brent crude via Goldman Sachs
By Toni Weeks
San Diego, June 15 - Royal Bank of Canada plans to price 0% buffered commodity-linked notes linked to the ICE Brent crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between six and seven months after issue.
If the index finishes at or above the 80% trigger level, the payout at maturity will be the digital payment of $1,027.50 to $1,032 for each $1,000 principal amount. The exact amount will be set at pricing.
Otherwise, investors will lose 1.25% for every 1% decline beyond the 20% buffer.
Goldman Sachs & Co. is the underwriter.
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