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RBC plans buffered enhanced return notes tied to MSCI World index
By Sarah Lizee
Olympia, Wash., Oct. 10 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Oct. 15, 2020 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% of any index gain, capped at par plus 21% to 25%.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%.
RBC Capital Markets, LLC is the agent.
The notes will price on Oct. 11 and settle on Oct. 16.
The Cusip number is 78013XM88.
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