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RBC plans buffered enhanced return notes on index basket
By Emma Trincal
New York, July 26 – Royal Bank of Canada plans to price buffered enhanced return notes due Sept. 1, 2022 linked to a basket of equity indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket gain, capped at $1,095 per $1,000 of notes.
Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond the 5% buffer.
RBC Capital Markets, LLC is the agent.
The notes will price on July 27 and settle on July 30.
The Cusip number is 78016EQV2.
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