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RBC to price bullish enhanced return notes linked to S&P 500
By Marisa Wong
Madison, Wis., June 5 – Royal Bank of Canada plans to price 0% bullish enhanced return notes due Aug. 30, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return that is expected to be 10% to 12% and will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
RBC Capital Markets, LLC is the underwriter.
The notes will price June 26 and settle June 30.
The Cusip number is 78012KES2.
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