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RBC plans to price PLUS due 2017 tied to VanEck Vectors Oil Services
By Devika Patel
Knoxville, Tenn., Sept. 28 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Nov. 3, 2017 linked to the VanEck Vectors Oil Services ETF, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payout of $12.85 per PLUS.
Investors will lose 1% for each 1% decline.
RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 78014C582) will price on Sept. 30 and settle on Oct. 5.
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