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RBC plans buffered bullish enhanced return notes on iShares MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., Nov. 6 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Nov. 27, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 102% to 112% of any fund gain, with the exact participation rate to be determined at pricing.
Investors will receive par if the shares fall by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes (Cusip: 78010U5F0) will price Nov. 24 and settle Nov. 26.
RBC Capital Markets, LLC is the agent.
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