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RBC plans two-year buffered bullish digital notes tied to Russell 2000
By Susanna Moon
Chicago, Sept. 9 - Royal Bank of Canada plans to price 0% buffered bullish digital notes due Sept. 28, 2012 based on the performance of the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus a return of 14.5% to 17.5%. The exact digital coupon will be set at pricing.
Investors will receive par if the index falls by 20% or less and will lose 1% for each 1% decline beyond 20%.
The notes (Cusip 78008KKV4) will price on Sept. 27 and settle on Sept. 30.
RBC Capital Markets Corp. is the underwriter.
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