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RBC plans buffered bullish enhanced notes on Russell 2000 index
By Jennifer Chiou
New York, March 7 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due July 31, 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 10.5% to 14.5%.
Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
The notes (Cusip: 78008T2A1) will price on March 27 and settle on March 30.
RBC Capital Markets, LLC is the agent.
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