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RBC plans market-linked securities due 2023 on Euro Stoxx 50 index
New York, Aug. 2 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation and fixed percentage buffered downside due Sept. 6, 2023 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% to 170% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will lose 1% for every 1% decline beyond 40%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 78013XQY7.
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