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RBC gives dates for bullish enhanced return notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Aug. 25 – Royal Bank of Canada gave the dates for its upcoming issue of 0% bullish enhanced return notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will mature on Aug. 31, 2017. They will price Aug. 27 and settle Sept. 2.
As previously noted, the payout at maturity will be par plus 145% to 155% of any index gain, with the exact participation rate to be set at pricing. Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78010UU96.
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